Nowak and Grunberg of Marcus & Millichap broker $3.6 million Brooklyn industrial sale

Jakub Nowak, Marcus & Millichap

Jason Grunberg, Marcus & Millichap

134 Hinsdale Street - Brooklyn, NY

Brooklyn, NY According to John Horowitz, vice president- regional manager of the Brooklyn office of Marcus & Millichap, 134 Hinsdale St., an industrial property, has been sold for $3.6 million. Jakub Nowak and Jason Grunberg, from Marcus & Millichap’s Brooklyn office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was also secured and represented by the team. “The sale of 134 Hinsdale St. at $240 per s/f represents a historical price record for the sale of a warehouse in East New York. It speaks to the insatiable demand for industrial properties in Brooklyn. We expect more of the same moving forward as the industrial building stock keeps being repurposed and redeveloped throughout the borough,” said Nowak.

Tags: Brokerage

Reprint

Previous Story Next Story

SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds

Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,

NYREJ 2026 Ones to Watch: Innovators in Commercial Real Estate Participation Options

Lee & Associates NYC arranges Fred Astaire Dance Studios’ New Park Slope location at 508 Fifth Ave.

Lee & Assocs. NYC arranges Fred Astaire Dance Studios’ at 508 Fifth Ave.

Let them build: How SEQRA reform and market realignment are reshaping commercial real estate in New York’s Hudson Valley - by Paul Adler

How SEQRA reform is reshaping CRE in Hudson Valley

Institutional Property Advisors exclusively offers grocery anchored retail center for sale in Pennsylvania’s Lehigh Valley

IPA sales agent for grocery anchored center in Allentown, Penn.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Delisle and Monahan of Island Associates negotiate long-term lease extensions for two tenants at BrentCity Shopping Center

Columns and Thought Leadership

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,