Realty Collective Lists Red Hook Property for $24M


145-165 Wolcott Street. (Property offering memorandum)
145-165 Wolcott Street. (Property offering memorandum)

Led by Frank Manzione, director of sales, Realty Collective has been retained to market a single-story commercial building and adjacent lots at 145-165 Wolcott Street in the Red Hook section of Brooklyn.

The asking price for the 80,000-square-foot property, between Ferris and Dikeman Streets, is $24 million, according to the the offering memorandum. 

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The property features about 250 feet of frontage on Wolcott Street and 125 square feet of frontage on Conover Street. Because the property is in the Southwest Brooklyn Industrial Business Zone it is eligible for a number of tax incentives.

An affiliate of the owner occupies the majority of the building, but it can be delivered vacant.

The seller, 145-65 Wolcott St. Realty Corp., bought the industrial property from New York City’s Industrial Development Agency in June 2013, according to property records. No sales  price is indicated.