Yiming Wang Acquires Industrial Property In Bushwick, Brooklyn For $3.5M

An industrial property located at 31 Belvedere Street in Bushwick, Brooklyn has been sold for a price of $3,500,000. The property spans a total area of 5,110 square feet and has a price per square foot of $684. The building itself covers an area of 3,526 square feet, resulting in a price per square foot of $992. The property has a floor area ratio (FAR) of 0.69 and falls under tax class 4. It is situated on a lot measuring 5,097 square feet with dimensions of 49.83 ft x 102.85 ft.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,500,000
• Market: Bushwick, Brooklyn
• Zoning: M1-1
• Buyer: Yiming Wang
• Seller: Lisa Schachner

Yiming Wang acted as the buyer in this transaction, while Lisa Schachner served as the seller. The deal was completed on April 21, 2021. There are no additional details available regarding brokers or representatives involved in the transaction.