TerraCRG’s Ofer Cohen could unload Red Hook site for $20M

Former boat-engine repair shop offers 100,000 square feet of loft-like industrial space

New York /
Mar.March 21, 2014 06:05 PM

Ofer Cohen has put a Red Hook development site on the market, saying the commercial property could fetch as much as $20 million.

Formerly home to a boat-engine service and repair facility run by Golten Marine, the 100,000-square-foot brick industrial building at 160 Van Brunt Street would be ideal for creative companies looking for a Midtown South office space vibe, Cohen told Crain’s

It also doesn’t hurt that the space, bound by Imlay and Summit streets near the wharf at the mouth of the East River, is surrounded by neighborhoods with expanding populations of creative tenants, the news site reported.

“This property has massive windows and huge ceiling heights so it could be very attractive as an office conversion project,” Cohen told Crain’s. “There are tenants increasingly moving to office space in Williamsburg and Dumbo and you can see areas like Red Hook and Gowanus becoming the next areas that catch on as office locations.”

Real estate agents are privy to the area’s growth as sale prices jump, as previously reported.  [Crain’s]Angela Hunt


Related Articles

arrow_forward_ios
Mark Zuckerberg, Jeff Bezos, Hudson Yards and San Francisco's Salesforce tower (Getty, Dead.rabbit/CC BY-SA 4.0/via Wikimedia Commons)
Tech office leasing plummeted in fourth quarter
Tech office leasing plummeted in fourth quarter
Rendering of 640 Columbia Street in Red Hook, 9-11 Metrotech Center and TerraCRG's Ofer Cohen
Brooklyn boasted $9B in investment sales last year
Brooklyn boasted $9B in investment sales last year
Oxford Hospitality's Paul Amoruso and 1 Computer Associates Plaza in Islandia (Getty, Jones Lang LaSalle IP, Inc., Oxford Hospitality)
Owners of vacated CA Technologies’ campus paid pennies on the dollar
Owners of vacated CA Technologies’ campus paid pennies on the dollar
A photo illustration of 182-22 150th Avenue in Springfield Gardens (Getty, Google Maps)
NYC’s industrial market ends year with a bang
NYC’s industrial market ends year with a bang
160 Imlay Street and Living New York's Devin Someck with Fredrik Eklund and John Gomes
Living New York bumps Eklund-Gomes off Red Hook project
Living New York bumps Eklund-Gomes off Red Hook project
M&T Bank's Darren King
A fifth of M&T’s office loans in danger of default
A fifth of M&T’s office loans in danger of default
Bedford Stuyvesant Restoration Corporation president Blondel Pinnock along with a rendering of the planned project at Bedford-Stuyvesant’s Restoration Plaza (top) and the current site at 1368 Fulton Street in Brooklyn (bottom) (Getty, LoopNet, Bedford-Stuyvesant Restoration Corporation)
Bed-Stuy commercial project aims for 840K sf
Bed-Stuy commercial project aims for 840K sf
Campbell's Soup CEO Mark Clouse and 595 Westport Avenue in Norwalk, Connecticut (Getty, LoopNet, Campbell's Soup)
Campbell Soup cans Connecticut office
Campbell Soup cans Connecticut office
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...