Brookfield pays $27.9M to AEW Global, MRP Realty for industrial in Mott Haven

Brookfield Properties’ BSREP III 845 E 136th Street LLC paid AEW Global and MRP Realty’s 845 East 136 Property LLC $27.9 million for 845 East 136th Street in Mott Haven. The deal closed on December 8, 2020 and was recorded on December 18, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1)The property is 88,000 square feet. The parcel(s) have total development potential of 88,000 square feet.
The average sale price per square foot is $317.
The brokers were JLL’s Andrew Scandalios, Tyler Peck, Rob Kossar and Karl Brumback, according to the Commercial Observer.

The contract date was November 5, 2020. Ryan Nelson was the signatory for the sellers. The last time the property sold was August 17, 2017 for $19,086,600.
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The signatory for the buyer or lender was Jonanthan Kramer