Adar Ym Holdings LLC Acquires 88,000-SF Industrial Warehouse In Brooklyn For $28M

Remsen Realty Associates, an investor group, has sold a two-story, 88,000-square-foot warehouse located at 909 Remsen Ave. in Brooklyn for $28 million. The property was purchased by Adar Ym Holdings LLC. The warehouse is situated at a prime location in Brooklyn and offers 88,000 square feet of space, making it a valuable asset in the industrial market. With a sale price of $28 million, the property's price per square foot comes out to be $318.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $28,000,000
• Address: 909 Remsen Avenue
• Market: Brooklyn
• Square Footage: 88,000
• Buyer: Adar Ym Holdings LLC
• Seller: Remsen Realty Associates

The buyer, Adar Ym Holdings LLC, acquired the warehouse from seller Remsen Realty Associates. This transaction represents a significant investment opportunity for Adar Ym Holdings LLC to expand its industrial portfolio in Brooklyn. The purchase of this property demonstrates the buyer's confidence in the Brooklyn market and the potential for growth in the industrial sector. This deal was facilitated by Remsen Realty Associates, who acted as the seller's representative.