Knickpoint Ventures Sells Self Storage In Brooklyn & Long Island City For $56.25M

The self storage property located at 160 John Street in Brooklyn and 3719 Crescent Street in Long Island City has been sold for a price of $56,250,000. The property consists of 111,611 net rentable square feet, resulting in a per square foot price of approximately $503.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $56,250,000
• Address: 160 John Street & 3719 Crescent Street
• Market: Brooklyn & Long Island City
• Seller: Knickpoint Ventures
• Seller's Representative: Matt Sprayregen
• Brokers: Noah Obuchowski, Mike Mele, Bobby Bloch & Luke Elliott - Cushman & Wakefield
• NRSF: 111,611
• Price per Net Rentable Square Foot (PPNRSF): $503

The sale of this self storage property was facilitated by the brokers Noah Obuchowski, Mike Mele, Bobby Bloch, and Luke Elliott from Cushman & Wakefield. They played a crucial role in connecting the buyer and the seller, ensuring a successful transaction.