Storage Post Acquires Self Storage Properties In Brooklyn From The Sofia Family For $110M

The transaction involves a self-storage property located at 491 Bergen Street, 471-475 Amsterdam Avenue, and 4388-4396 Broadway in the Brooklyn market. The sale price was $110,000,000, and the total square footage of the asset is 250,033, resulting in a price per square foot of $440.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $110,000,000
• Address: 491 Bergen Street, 471-475 Amsterdam Avenue & 4388-4396 Broadway
• Market: Brooklyn
• Square Footage: 250,033
• Price per Square Foot: $440
• Buyer: Storage Post
• Seller: The Sofia Family
• Brokers: Andrew Scandalios, Brendan Maddigan, Ethan Stanton, Vickram Jambu, Hall Oster & Michael Mazzara - JLL

The brokerage team representing the deal comprises multiple professionals from JLL, highlighting a collaborative effort among agents to facilitate this significant transaction. The involvement of numerous brokers indicates the complexity and scale of the deal, showcasing the expertise brought to the negotiation process.