Beitel Group Acquires Industrial Building On 60th Street, Borough Park For $4M

The Beitel Group, represented by Ben Beitel, has acquired an industrial building in Borough Park, Brooklyn. Located at 1547-1555 60th Street, the property boasts 8,000 square feet of built space with an additional 24,036 square feet of air rights. This allows for a total buildable area of 32,048 square feet. The purchase price for this transaction was $4 million.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $4,000,000
• Address: 1547-1555 60th Street
• Market: Borough Park, Brooklyn
• Buyer: Beitel Group - Ben Beitel
• Seller: William Nussen
• Square Footage: 8,000
• Price per Square Foot: $500
• Total Buildable Area: 32,048 square feet

William Nussen sold the industrial building to the Beitel Group for a total of $4 million. Ben Beitel represented the Beitel Group in this transaction. With 8,000 square feet of built space and 24,036 square feet of air rights, this property offers significant potential for future development.