"Gindi Capital has quietly snapped up a downtown Brooklyn office building and the ground-floor condominium beneath it in a deal valued at roughly $55 million."
"The six-story property sits in the heart of Downtown Brooklyn at 25 Elm Place, and the sale was recorded this week."
"Property records on PropertyShark describe 25 Elm Place as a six-story office building constructed in 1920, with roughly 162,891 square feet and ground-floor commercial frontage."
"Gindi Capital highlights several New York holdings on its portfolio page, including retail-front assets on Fulton Street that point to a distinctly local strategy."
Gindi Capital purchased a six-story office building and ground-floor condominium at 25 Elm Place in Downtown Brooklyn for about $55 million. The property, constructed in 1920, features roughly 162,891 square feet and is classified as legacy O5 office stock. This acquisition is part of Gindi's strategy to invest in midmarket office properties for repositioning or reuse. The firm has not disclosed specific plans for the site, which adds to its portfolio of New York investments.
#gindi-capital #brooklyn-real-estate #office-building-acquisition #commercial-property #downtown-brooklyn
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