GFI Realty Services, LLC today announced the $5-million sale of an industrial property in the Greenpoint section of Brooklyn. Located at 237, 245 and 247 Kent Street, the site is comprised of three contiguous parcels, and is situated at a nexus of major commercial developments and transportation points.

GFI Realty Associate Sasha Berg represented both the seller and the buyer in the transaction. The buyer owns a significant amount of local real estate, and plans to use the property as warehouse/office facility.

“The seller’s business has grown significantly, and he put this asset on the market with plans to relocate his construction business to a larger facility,” stated Berg. “Because of the property’s prime location within Greenpoint – a neighborhood centrally located within the Tri-State area – there was a great deal of investor interest. With so much local industrial product being converted to office and residential facilities, the seller was very happy that we were able to find a buyer who would keep the property’s industrial use.”

The site is situated just off of Greenpoint and Manhattan Avenues, two major commercial corridors in the area, which are filled with numerous restaurants, boutiques, and cafes. Located just two blocks away is the G train at the corner of Greenpoint and Manhattan Avenues. The property is also within blocks of the new East River Ferry service with connection to Midtown and Lower Manhattan.

About GFI Realty Services, LLC

GFI Realty Services, LLC imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI Realty Services, LLC utilizes its affiliate companies’ fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions.

The company’s extensive knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions. For more information, visit GFIRealty.com.