Marcus & Millichap Inc.
01/27/2026 | Press release | Distributed by Public on 01/28/2026 13:17
Marcus & Millichap Brokers $5.65M Sale of Industrial Property in Brooklyn
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Marcus & Millichap Brokers $5.65M Sale of Industrial Property in Brooklyn
January 27, 2026
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NEW YORK, Jan. 27, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 11,850-square-foot industrial property in Brooklyn for $5,650,000.
"At $565 per square foot on the building's floor plate, this sale represents a record price for an industrial building in Red Hook. This outcome is the result of a comprehensive marketing campaign yielding over a dozen written offers," said Jesse Kay in Marcus & Millichap's Manhattan office.
Kay, along with Marcus & Millichap's Jakub Nowak, exclusively marketed the property on behalf of the seller. The buyer was procured by Haritini Pandis of Compass.
The property is located at 30 Richards St. in Brooklyn's Red Hook neighborhood. Built in 1931, the 11,850-square-foot building sits on a 100-foot-by-100-foot corner lot with frontage along Richards Street and Seabring Street. It includes high-ceiling ground-floor industrial space with two drive-in doors, mezzanine storage and second-floor office space.
The building was owner-occupied and was delivered vacant. It is minutes from the Brooklyn-Queens Expressway and the Hugh L. Carey Tunnel, providing access to Manhattan, Queens and greater Brooklyn.
"At $565 per square foot on the building's floor plate, this sale represents a record price for an industrial building in Red Hook. This outcome is the result of a comprehensive marketing campaign yielding over a dozen written offers," said Jesse Kay in Marcus & Millichap's Manhattan office.
Kay, along with Marcus & Millichap's Jakub Nowak, exclusively marketed the property on behalf of the seller. The buyer was procured by Haritini Pandis of Compass.
The property is located at 30 Richards St. in Brooklyn's Red Hook neighborhood. Built in 1931, the 11,850-square-foot building sits on a 100-foot-by-100-foot corner lot with frontage along Richards Street and Seabring Street. It includes high-ceiling ground-floor industrial space with two drive-in doors, mezzanine storage and second-floor office space.
The building was owner-occupied and was delivered vacant. It is minutes from the Brooklyn-Queens Expressway and the Hugh L. Carey Tunnel, providing access to Manhattan, Queens and greater Brooklyn.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on January 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 28, 2026 at 19:17 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]