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Sabharwal Properties Acquires Industrial Property In Brownsville For $8.5M

507 Osborn Street
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This Industrial property located in NY was sold for $8,500,000 over 5 years ago. The brokers of the deal were Mike Hernandez and Dan Marks

Located at 507 Osborn Street in the Brownsville neighborhood of Brooklyn, an industrial property was recently transacted. The property spans across 54,838 square feet and was sold for a price of $8,500,000, resulting in a price per square foot of $155. The deal was finalized on July 25, 2018.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,500,000
  • Property Size: 54,838 square feet
  • Price per Square Foot: $155
  • Address: 507 Osborn Street, Brooklyn
  • Neighborhood: Brownsville

Sabharwal Properties acquired the property from Robles Realty in this transaction. Serving as the brokers for this deal were Dan Marks and Mike Hernandez of TerraCRG.

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Deals
  • Location
    507 Osborn St, Brooklyn, NY 11212, USA507 Osborn St, Brooklyn, NY 11212, USA
  • Sale Price
    $8,500,000$8,500,000
    $155 PPSF$155 PPSF
  • Area
    54,838 SF54,838 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Mike Hernandez

Mike Hernandez

Deals3
Sold$49.5M

Dan Marks

Dan Marks

Deals39
Financed$597.5M

Agency

Terra CRG

Terra CRG

Agency
Deals235
Volume$2.8B

Deal Summary

IMAGE: Mike Hernandez and Dan Marks CLOSING DATE: 7/25/2018 ADDRESS: 507 Osborn Street CITY: Brooklyn NEIGHBORHOOD: Brownsville ASSET TYPE: Industrial PRICE: $8,500,000 SF: 54,838 PPSF: $155 Buyer: Sabharwal Properties Seller: Robles Realty Broker: @TerraCRG – Dan Marks & Mike Hernandez

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507 Osborn Street

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