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

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.