Avery Hall Investments pays $3.1M to Oronzo Sardone for mixed-use building in Gowanus

Avery Hall Investments through the entity Union And Nevins LLC paid $3.1 million to Oronzo Sardone through the entity Bay Ridge Iron Works, Inc. for mixed-use building (K2) at 305 Nevins Street in Gowanus, Brooklyn. This is adjacent to other Avery Hall development parcels.
The deal closed on August 19, 2021 and was recorded on August 31, 2021.
The property has 5,040 square feet of built space and 0 square feet of additional air rights for a total buildable of 4,800 square feet according to PincusCo analysis of city data. The sale price per built square foot is $625 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)

The signatory for Oronzo Sardone was Oronzo Sardone. The signatory for Avery Hall Investments was Brian Ezra.

Brian Ezra is a founding partner of Avery Hall Investments.

Within a 400-foot radius of 305 Nevins Street, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which Property Markets Group borrowed $7.0 million from First Republic Bank secured by the 25,430-square-foot, one-unit industrial (G2) on 300 Nevins Street on April 9, 2020.

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