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SKW Funding Acquires Development Site In Greenpoint, Brooklyn For $70M

18 India Street
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This Development Site property located in NY was sold for $70,000,000 over 3 years ago. The brokers of the deal were Philip Silverman, Grant Frankel, Gary Phillips, and Jeff Organisciak

The development site located at 18 India Street in Greenpoint, Brooklyn has been sold for a total of $70,000,000. The property encompasses a total area of 650,000 square feet.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $70,000,000
  • Address: 18 India Street, Greenpoint, Brooklyn

The buyer of the property was SKW Funding, while Seven Valleys acted as the seller in this transaction. The deal was facilitated by Gary Phillips, Will Silverman, Grant Frankel, and Jeff Organisciak from Eastdil Secured.

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Deals
  • Location
    18 India St, Brooklyn, NY 11222, USA18 India St, Brooklyn, NY 11222, USA
  • Sale Price
    $70,000,000$70,000,000
    $10 PPSF$10 PPSF
  • Area
    6,500,000 SF6,500,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Philip Silverman

Philip Silverman

Deals9
Financed$1.5B

Jeff Organisciak

Jeff Organisciak

Deals13
Sold$4.4B

Gary Phillips

Gary Phillips

Deals39
Financed$10.4B

Agency

Eastdil Secured

Eastdil Secured

Agency
Deals187
Volume$58.2B

Deal Summary

SALE IMAGE: Gary Phillips, Will Silverman, Grant Frankel, Jeff Organisciak DATE: 09/03/2020 ADDRESS: 18 India Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Development Site SALE PRICE: $70,000,000 ZSF: 650,000 BUYER: SKW Funding SELLER: Seven Valleys BROKERS: Gary Phillips, Will Silverman, Grant Frankel, Jeff Organisciak – Eastdil Secured

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18 India Street

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