Seagis Property Group Acquires Industrial Asset From Dimitrios Theodorou For $7.25M In Brooklyn

The property involved in this transaction is an industrial asset located at 236 39th Street in Brooklyn. It has a total square footage of 15,000 and was sold for $7,250,000, which translates to a price per square foot of $483. The property features a 30' clear ceiling height and offers direct visibility to the Brooklyn-Queens Expressway (I-278). It is strategically positioned within the Sunset Park industrial corridor of Brooklyn.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,250,000
• Address: 236 39th Street
• Market: Brooklyn
• Buyer: Seagis Property Group
• Seller: Dimitrios Theodorou
• Broker: Matthew Kaplon - Kaplon-Belo Real Estate
• SF: 15,000
• PPSF: $483

This transaction was facilitated by broker Matthew Kaplon, representing the interests of the seller, Dimitrios Theodorou. The buyer, Seagis Property Group, is acquiring this prime industrial warehouse situated in a bustling area known for its active industrial operations.