Avery Hall pays $5.4M for two industrial properties in Gowanus

Avery Hall Investments through the entity 274 4th And 538 Carroll LLC paid $5.4 million to Ekaterini Kipriadis and Nick Karkas for the industrial (G2) building at 538 Carroll Street in Gowanus, Brooklyn and the industrial (E1) building at 274 4th Avenue in Gowanus, Brooklyn.
The deal closed on June 2, 2021 and was recorded on June 16, 2021.
The two properties have 7,590 square feet of built space and 7,666 square feet of additional air rights for a total buildable of 15,256 square feet according to PincusCo analysis of city data. The sale price per built square foot is $706 and the price per buildable square foot is $351 per the PincusCo analysis.
The signatory for the sellers were Ekaterini Kipriadis, Mary Ann Karkas and Ourania Cohen.

Within a 400-foot radius of 274 4th Avenue, PincusCo identified one commercial real estate item of interest that occurred over the past 24 months.
It was a loan which New Empire Real Estate Development borrowed $26.5 million from Popular Bank secured by the 43,866-square-foot, 39-unit rental (D6) on 269 4th Avenue on December 10, 2019.

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