RedHoek+Partners pays $5.2M for development sites in Red Hook

RedHoek+Partners through the entity Ddg 379 Vb LLC paid $5.2 million to Christopher Anthony Guido through the entity Red Hook Building Company, LLC for development site (V1) at N/A Van Brunt Street in Red Hook, Brooklyn, development site (V1) at 379 Van Brunt Street and 106 Coffey Street in Red Hook, Brooklyn.
The deal closed on November 4, 2021 and was recorded on November 19, 2021.
The seven properties have 0 square feet of built space and 15,675 square feet of additional air rights for a total buildable of 15,675 square feet according to PincusCo analysis of city data. The sale price per buildable square foot is $331 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 Christopher Anthony Guido was Lee Weiss. The signatory for RedHoek+Partners was Lee Cohen.

RedHoek+Partners is located at the same address as buyer LLC. Christopher Anthony Guido previously signed on a mortgage on the property.

Within a 400-foot radius of N/A Van Brunt Street, Pincusco identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, two were loans above $5 million totaling $66.9 million. The most recent of the two was Leser Group which borrowed $13.9 million from Tel Aviv Stock Exchange bondholders secured by the 0-square-foot, one-unit industrial (Z9) on 115 Van Dyke Street and 10 other properties on June 1, 2021.

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