Allure Group Acquires Industrial Property In Midwood, Brooklyn For $17M
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This Industrial property located in NY was sold for $17,000,000 about 2 years ago. The brokers of the deal were Jermaine Pugh and Bobby Lawrence
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- Location1490 McDonald Avenue, Brooklyn, NY 11230
- Sale Price$17,000,000$482 PPSF
- Area35,250 SF
- Asset TypeIndustrial
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Bobby Lawrence & Jermaine Pugh
DATE: 12/29/2021
ADDRESS: 1490 & 1497 McDonald Avenue
MARKET: Midwood, Brooklyn
ASSET TYPE: Industrial
BUYER: Allure Group
SELLER: McDonald Roofing Supply
BROKERS: Bobby Lawrence (@TheLawrenceTeam_NYC) & Jermaine Pugh (@Jermaine.Pugh) - B6 Real Estate
SALE PRICE: $17,000,000
SF: 35,250 ~ PPSF: $482
NOTE FROM Bobby Lawrence (@TheLawrenceTeam_NYC): Jermaine & I exclusively represented the seller of 1490 & 1497 McDonald Avenue. By actively targeting end-users & community facility developers we were able to generate over 30 tours, 27 offers & finally execute a deal with the Allure Group, who was able to close 30 days TOE with no contingencies. If you are considering selling & are not marketing your building in a way that attracts end-users, you could be missing out on 10-20% premiums. Feel free to reach out to discuss further!
Bobby Lawrence
(646) 933-2648
[email protected]
Jermaine Pugh
(646) 933-2633
[email protected]
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1490 & 1497 McDonald Avenue
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