Ariel Property Advisors Brokers $6.4M Sale of Industrial Facility in Brooklyn

by Amy Works

NEW YORK CITY — Ariel Property Advisors has brokered the sale of a four-property industrial facility in Brooklyn’s East Flatbush neighborhood. Located at 5255 Kings Highway and 2-24 Preston Court, the facility sold for $6.4 million, or $188 per square foot. The 34,396-square-foot asset, which consists of four buildings and a vacant lot, feature eight roll-down gates, one loading dock, multiple office spaces and conference room space. Jonathan Berman, Mark Spinelli, Daniel Tropp and Michael Tortorici of Ariel Property Advisors represented the seller, Zeluck Corp., and procured the buyer, a private investor, in the transaction.

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