Brooklyn’s Top Commercial Real Estate Sales in 2011


    PropertyShark compiled a list for us of the biggest commercial real estate deals in Brooklyn this year. As expected, the sale of several Storage Deluxe buildings around the borough was far and away the biggest trade this year:

    1. $123.9 million: Self-storage real estate investment trust CubeSmart bought a portfolio of properties from Storage Deluxe. The buildings are in Clinton Hill, Bed-Stuy, East New York and Gravesend.

    2. $57.5 million: Invesco Real Estate purchased 150 4th Avenue, a.k.a. the new rental building Arias Park Slope, from developer the Iconic Group.

    3. $28.5 million: A Florida-based company bought 1702 Avenue Y, a Super Stop & Shop, from Feldco Development. The deal is said to be the biggest real estate transaction in Sheepshead Bay history.

    4. $27.5 million: AREA Property Partners bought the Western Carpet company warehouse in Williamsburg and has filed plans to build a 157-unit building on the site.

    5. $27.3 million: The warehouse-turned-rental at 44 Berry Street in Williamsburg sold.
    Photo by PropertyShark

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