Rutner Family Acquires Industrial Asset At 273 Russell Street In Brooklyn For $3.3M

The property located at 273 Russell Street, Brooklyn, is an industrial asset featuring a 60' x 100' warehouse with a partial second floor. It encompasses a total of 9,033 square feet and was sold for $3,300,000, resulting in a price per square foot of $365. The property is zoned M1-1, indicating its suitable use for industrial purposes, and it has been acquired by an end-user aiming for long-term occupancy.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,300,000
• Address: 273 Russell Street
• Market: Brooklyn
• Square Footage: 9,033
• Price Per Square Foot: $365
• Buyer: Rutner Family
• Broker Representatives: DJ Johnston, Bobby Lawrence & Bryan Kirk - Matthews

The transaction involved DJ Johnston, Bobby Lawrence, and Bryan Kirk representing the seller. Their expertise contributed to the successful execution of this straightforward industrial deal, catering to a buyer looking to occupy the space for an extended period.