Pinnacle Ventures Acquires Development Site At 108 King Street In Red Hook, Brooklyn

Located at 108 King Street in Red Hook, Brooklyn, this development site was recently sold in a closed transaction. The property offers a prime location in the Red Hook market.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $950,000
• Asking Price: $1,000,000
• Building Square Footage: 4,125
• Price per Building Square Foot: $230

The seller, John Lindstrom, sold the property to Pinnacle Ventures, represented by Josh Dardashtian. The transaction was facilitated by brokers Nowak & Partners of Marcus and Millichap, with Jesse Kay, Jakub Nowak, and Matthew Rosenzweig playing key roles in the deal.