Jason Bost Acquires Soundview Factory For $18.35M From Seller Marlene Holes

The factory-industrial property located at 1125 Close Avenue in Soundview was recently sold in a transaction that took place on September 30, 2021. The property is zoned as M1-1 and spans a total of 53,405 square feet, with a lot size of 53,405 square feet. The dimensions of the lot are 334.18 feet by 200 feet. The transaction had a price of $18,350,000, resulting in a price per square foot (PPSF) of $274. The building has a total square footage of 66,756 and a building square footage (BSF) of 53,405, resulting in a price per building square foot (PPBSF) of $343. The property has a floor area ratio (FAR) of 1.25 and is classified under tax class 4. The property permits include an alteration 2 permit issued on May 30, 2019.

Summary of transaction details

• Property Type: Factory-Industrial
• Transaction Amount: $18,350,000
• Market: Soundview
• Buyer: Jason Bost
• Seller: Marlene Holes

Jason Bost represented the buyer in this transaction, while Marlene Holes represented the seller. With an impressive BSF and SF, this property presents a lucrative opportunity for industrial use. The market value of the property, combined with its strategic location in Soundview, makes it a valuable asset. The transaction involved key individuals and companies who played a crucial role in closing the deal, showcasing their expertise in the real estate industry.