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Real Deal Article1

Madison Capital snatches up Red Hook industrial sites for $45M

By

Carolina Bergara

June 9, 2021

Real estate investment firm Madison Capital acquired two adjacent industrial lots in Red Hook for $45 million.

The seller of the combined 160,000-square-foot sites at 688 and 702 Court Street was Pearl Realty’s Jack Guttman, according to property records. The parcels are zoned for industrial and manufacturing, with the ability to build nearly 320,000 square feet. PincusCo first reported the deal.

David Junik of Pinnacle Realty represented both Madison Capital and Guttman in the deal. He declined to comment.

Read more at The Real Deal

 Brooklyn For Sale Real Deal

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34-07 Steinway Street, Suite 202
Long Island City, NY 11101

718-784-8282

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