Solomon Rubin Acquires Midwood Warehouse From Jean Rosenthal For $4M

A warehouse in Midwood, Brooklyn has been sold for $4,000,000. The property, located at 1497 Mcdonald Avenue, is a warehouse with a total square footage of 6,533. The price per square foot for the transaction was $612. The buyer of the property is Solomon Rubin, while Jean Rosenthal acted as the seller.

Summary of transaction details

• Property Type: Warehouse
• Transaction Amount: $4,000,000
• Address: 1497 Mcdonald Avenue, Midwood, Brooklyn
• Square Footage: 6,533
• Price per Square Foot: $612
• Buyer: Solomon Rubin
• Seller: Jean Rosenthal

The warehouse is situated on a lot with a size of 6,533 square feet, with dimensions of 65.33 ft x 100 ft. The property's zoning allows for multiple uses, including R5, C2-3, and OP. It falls under Tax Class 4 and had a permitted alteration on March 15, 2006.

It is worth noting that the building has a floor area ratio (FAR) of 1.00, indicating that the total floor area does not exceed the lot area. This transaction offers a unique opportunity for Solomon Rubin to invest in a well-located warehouse property in Midwood, Brooklyn.