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Marcelli Family Sells Industrial Property In Greenpoint For $7.95M

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This Industrial property located in NY was sold for $7,950,000 over 3 years ago. The brokers of the deal were Frederick (Fritz) Richter and James Nelson

The industrial property located at 29 Meserole Avenue in Greenpoint was recently sold for $7,950,000. The transaction took place on July 23, 2021. The property has a total area of 18,261 square feet, resulting in a price per square foot of $435. The lot dimensions are 90 feet by 175 feet. The property is zoned as M1-1, suitable for industrial use.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,950,000
  • Address: 29 Meserole Avenue, Greenpoint
  • Market: Greenpoint
  • Lot Dimensions: 90 ft x 175 ft
  • Zoning: M1-1

The seller of the property was Marc Jason Realty Co., owned by the Marcelli Family. The transaction was facilitated by James Nelson and Fritz Richter from Avison Young, who represented the seller. Their expertise and assistance contributed to the successful sale of the property.

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Deals
  • Location
    29 Meserole Avenue, Greenpoint, Brooklyn, NY 11222, USA29 Meserole Avenue, Greenpoint, Brooklyn, NY 11222, USA
  • Sale Price
    $7,950,000$7,950,000
    $435 PPSF$435 PPSF
  • Area
    18,261 SF18,261 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

James Nelson

James Nelson

Deals66
Financed$1.4B

Agency

Avison Young

Avison Young

Agency
Deals808
Volume$17B

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Deal Summary

SALE IMAGE: Fritz Richter & James Nelson DATE: 07/23/2021 ADDRESS: 29 Meserole Avenue MARKET: Greenpoint ASSET TYPE: Industrial ~ ZONING: M1-1 SELLER: Marc Jason Realty Co. - Marcelli Family BROKERS: James Nelson (@JamesNelsonNYC) & Fritz Richter - Avison Young SALE PRICE: $7,950,000 SF: 18,261 ~ PPSF: $435 LOT DIMENSIONS: 90 ft x 175 ft

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