Bernard Spitzer Acquires Warehouses In Bushwick, Brooklyn For $5.35M

A warehouse property located at 38 Locust Street in the Bushwick neighborhood of Brooklyn has been sold in a recent transaction. The property, which falls under the M1-1 zoning category, was sold for a total price of $5,350,000. It offers a spacious area with a building size of 14,910 square feet and a lot size of 14,910 square feet. The dimensions of the lot measure approximately 96.25 feet by 165 feet. With a floor area ratio (FAR) of 0.99, the property provides ample space for various industrial purposes. Its tax class is classified as 4.

Summary of transaction details

• Property Type: Warehouses
• Transaction Amount: $5,350,000
• Market: Bushwick, Brooklyn
• Address: 38 Locust Street
• Zoning: M1-1
• Buyer: Bernard Spitzer
• Seller: Sherwin Gordon
• Building Square Feet: 14,910
• Price per Building Square Foot: $358
• Lot Square Feet: 14,910
• Lot Dimensions: Approximately 96.25 ft x 165 ft

Bernard Spitzer acted as the buyer in this transaction, while Sherwin Gordon served as the seller. The deal's key individuals and companies involved in the sale of the property highlight the importance of their roles in the process.