688 Court Street
Location:
Brooklyn, NY
Acquisition Date:
May 2021
Size:
160,000 square feet
Asset Type:
Industrial
Opportunity:
In May 2021, a Madison Capital joint venture acquired 688 Court Street, a 160,000 square foot industrial lot located within a Qualified Opportunity Zone in the Red Hook neighborhood of Brooklyn, NY. The property features 320,000 square feet of development rights and two large access points with combined, unobstructed street frontage totaling 1,260 linear feet. The property’s industrial zoning allows for a wide range uses including warehouse, distribution, and fleet parking.
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