Michael X. Mattone Acquires Commercial Property On Wyckoff Avenue In Bushwick, Brooklyn For $4.025M

The commercial property located at 452 Wyckoff Avenue in Bushwick, Brooklyn was sold on March 25, 2022. The property spans 8,880 square feet with a building square footage (BSF) of 67,432. The purchase price for the property was $4,025,000, resulting in a price per square foot (PPSF) of $453. The property has a zoning classification of C4-3 and falls under tax class 4. The lot size is 27,750 square feet with dimensions of 111.25 feet by 167 feet. The floor area ratio (FAR) for the property is 0.32. The property previously received an alteration permit on August 21, 2017.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $4,025,000
• Market: Bushwick, Brooklyn
• Buyer: Michael X. Mattone
• Seller: Wayne Mandel
• Building Square Footage (BSF): 67,432
• Price per Square Foot (PPSF): $453
• Square Feet (SF): 8,880
• Zoning: C4-3
• Tax Class: 4
• Lot Size: 27,750 square feet
• Permits: Alteration 2 (08/21/2017)
• Lot Dimension: 111.25 ft x 167 ft

Michael X. Mattone was the buyer of the property, while Wayne Mandel served as the seller. The transaction marked a significant milestone in the Bushwick commercial real estate market, with the property attracting a purchase price of $4,025,000. The deal involved a commercial property with a substantial building square footage of 67,432 and ample space for various uses. The property's desirable location in Bushwick, Brooklyn adds to its appeal and potential for future development or investment opportunities.