Madison Capital Buys Red Hook, Brooklyn, Industrial Sites

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Real estate investment firm Madison Capital acquired two adjacent industrial lots in Red Hook for $45 million. The seller of the combined 160,000-square-foot sites at 688 and 702 Court Street was Pearl Realty’s Jack Guttman, according to property records. The parcels are zoned for industrial and manufacturing, with the ability to build nearly 320,000 square feet. PincusCo first reported the deal. With the acquisition, Madison Capital — which also owns Liberty Bklyn in Sunset Park The post Madison Capital snatches up Red Hook industrial sites for $45M appeared first on The Real Deal New York.

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