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STORAGE FACILITY SOLD IN BROOKLYNJuly 2, 2015
Storage Post Picks Up Brooklyn Facility
By Veronica Grecu, Associate Editor
A nine-story storage facility near the Brooklyn Navy Yard was picked up by Atlanta-based Storage Post from previous owner Moishe’s Self Storage, which continues to operate a portfolio of 500,000 square feet in Queens and the Bronx.
Easily recognizable by its bright-red exterior, the 280,000-square-foot building is located at 35 Ryerson St. in Brooklyn’s Clinton Hill neighborhood, right next to the Brooklyn Queens Expressway. The facility traded for $95.6 million, according to real estate website PropertyShark. This translates into $341 per square foot or $36.281 per unit.
With this acquisition Storage Post’s self-storage portfolio in New York City grows to ten properties. The company, which was founded in 1998, already owns and operates nine other locations in the Bronx, Brooklyn and Queens.