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6700 Third Avenue

Updated Oct 12, 2026

Eric Inger Acquires 19,100 Square Foot Warehouse In Brooklyn From Fred Volcken For $6.15M
SOLDWarehouse

Eric Inger Acquires 19,100 Square Foot Warehouse In Brooklyn From Fred Volcken For $6.15M

6700 Third Avenue

$6,150,000

$67/SF

Building Size

91,100 SF

Asset Type

Warehouse

Closing

Sep 24, 2026

About this deal

AI

A commercial asset located at 6700 Third Avenue in Brooklyn was recently sold. The transaction involved a warehouse and office building with a total square footage of 19,100. The sale price for the property was $6,150,000, equating to a price per square foot of $322.

Summary of transaction details:

The transaction was facilitated by brokers Jake Torre and Jason Grunberg from SAB Capital, who were brought in after the property had previously been marketed by another brokerage without success. After nearly two years of negotiations, the property was successfully closed with the assistance of a local end-user buyer, who had partnered with SAB Capital on several past deals.

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$6,150,000

$67/SF

Warehouse

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Players

Jason Grunberg

SAB Capital

Broker

$143.4M

vol

31 deals

Broker

Eric Inger

Buyer

$6.2M

vol

1 deal

Buyer

Fred Volcken

Seller

$6.2M

vol

1 deal

Seller
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Brooklyn Warehouse Market Snapshot

Boundary boundary · Warehouse · Sale transactions

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Deal FAQ

About $67 per square foot on a published $6.2M for 91,100 square feet (2026).

Visit Jake Torre to view all their deals.

Browse Brooklyn warehouse sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.58%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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