{"id":1004122142,"date":"2015-06-29T00:16:35","date_gmt":"2015-06-29T08:16:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=353972"},"modified":"2020-04-28T21:11:42","modified_gmt":"2020-04-29T05:11:42","slug":"storage-post-picks-up-brooklyn-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/storage-post-picks-up-brooklyn-facility\/","title":{"rendered":"Storage Post Picks Up Brooklyn Facility"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>A nine-story storage facility near the Brooklyn Navy Yard was picked up by Atlanta-based <a href=\"https:\/\/www.storagepost.com\/\" target=\"_blank\" rel=\"nofollow\">Storage Post<\/a> from previous owner <a href=\"https:\/\/www.moishesselfstorage.com\/\" target=\"_blank\" rel=\"nofollow\">Moishe\u2019s Self Storage<\/a>, which continues to operate a portfolio of 500,000 square feet in Queens and the Bronx.<\/p>\n<div id=\"attachment_353973\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Self-Storage-35-Ryerson-St.-Brooklyn.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-353973\" title=\"Self-Storage - 35 Ryerson St. - Brooklyn\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Self-Storage-35-Ryerson-St.-Brooklyn.jpg\" alt=\"Self-Storage - 35 Ryerson St. - Brooklyn\" width=\"300\" height=\"163\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Self-Storage &#8211; 35 Ryerson St. &#8211; Brooklyn<\/p>\n<\/div>\n<p>Easily recognizable by its bright-red exterior, the 280,000-square-foot building is located at 35 Ryerson St. in Brooklyn\u2019s Clinton Hill neighborhood, right next to the Brooklyn Queens Expressway. The facility traded for $95.6 million, according to real estate website <a href=\"https:\/\/www.propertyshark.com\/mason\/OnePageReports\/report.html?propkey=176120&amp;newwindow=true\" target=\"_blank\" rel=\"nofollow\">PropertyShark<\/a>. This translates into $341 per square foot or $36.281 per unit.<\/p>\n<p>With this acquisition Storage Post\u2019s 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.<\/p>\n<p>As reported by<em> <a href=\"https:\/\/therealdeal.com\/blog\/2015\/06\/18\/clinton-hill-self-storage-warehouse-goes-for-96m\/\" target=\"_blank\" rel=\"nofollow\">The Real Deal<\/a><\/em>, the facility was built by the government in 1942. During World War II it was leased to the Mergenthaler Linotype Company, which used it as a manufacturing site. The building\u2019s distinctive fa\u00e7ade was painted bright red in 2010, a few years after Moishe\u2019s Self Storage purchased the property.<\/p>\n<p><em>Image via Storage Post<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A nine-story storage facility near the Brooklyn Navy Yard was picked up by Atlanta-based Storage Post from previous owner Moishe&rsquo;s Self Storage.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004122142","post","type-post","status-publish","format-standard","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Storage Post Picks Up Brooklyn Facility - 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