Shlomo Chkifati Acquires Industrial Property In Columbia Street Waterfront District For $6.4M

A vacant warehouse located at 100 Van Brunt Street in the Columbia Street Waterfront District of New York City's Columbia Street Waterfront District was recently sold for a record-breaking price of $6,400,000. The property, with a total area of 14,600 square feet, was sold at a price per square foot of $438. The total building square footage is 29,200, resulting in a price per building square foot of $219. The transaction took place on June 29, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $6,400,000
• Market: Columbia Street Waterfront District
• Address: 100 Van Brunt Street
• Buyer: Shlomo Chkifati
• Seller: John Scala & Russel Carute
• Brokers: Jakub Nowak & Jesse Kay
• SF: 14,600
• PPSF: $438
• BSF: 29,200
• PPBSF: $219

The buyer, Shlomo Chkifati, acquired the property from the sellers, John Scala and Russel Carute. The transaction was facilitated by brokers Jakub Nowak and Jesse Kay of The Nowak Group. Despite the property's significant deferred maintenance and challenging market conditions, the sale achieved record numbers. It is worth noting that the sellers are participating in a 1031 Exchange, reinvesting the proceeds into net-leased properties. For more information about this transaction, the market, or other property or portfolio inquiries, interested parties can contact Jakub Nowak at 718-475-4353 or Jesse Kay at 718-475-4321.