David Cohen Acquires Commercial Property In Bushwick, Brooklyn For $26.6M

The commercial property located at 1654 Bushwick Avenue in Bushwick, Brooklyn, was recently sold in a transaction on January 27, 2022. The property is zoned as M1-1 and has a lot size of 32,730 square feet. The last sale of the property occurred on August 2, 2016, for a price of $4,510,000. The lot dimensions measure 210.58 feet by 230.5 feet.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $26,600,000
• Buyer: David Cohen
• Seller: Jack Cayre
• Building Square Footage (BSF): 32,730
• Price per Building Square Foot (PPBSF): $812
• Total Square Footage (SF): 79,207
• Price per Square Foot (PPSF): $335
• Floor-Area Ratio (FAR): 2.42
• Tax Class: 4

David Cohen, representing himself as the buyer, entered into this transaction with Jack Cayre, the seller. The deal involved a significant amount of $26,600,000, demonstrating the property's value. With a building square footage of 32,730 and a total square footage of 79,207, the property's price per building square foot was $812, while the price per square foot was $335. The property has a floor-area ratio (FAR) of 2.42 and falls under tax class 4.