Steven W Lawitts Acquires Industrial Property In Bay Ridge, Brooklyn For $6M

The industrial property located at 429 89th Street in Bay Ridge, Brooklyn has been sold for $6,000,000. The property has a total building square footage (BSF) of 20,000, with a price per BSF (PPBSF) of $300. The lot size is 10,000 square feet, and the property offers a floor area ratio (FAR) of 1.00. The tax class for this property is 4, and it is zoned as C8-2 and BR. The lot dimensions are 100 ft x 100 ft. The previous sale of this property took place on August 27, 2014, for a price of $3,150,000. An alteration permit of type 2 was issued on June 6, 2016.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $6,000,000
• Address: 429 89th Street
• Market: Bay Ridge, Brooklyn
• BSF: 20,000
• PPBSF: $300
• SF: 10,000
• PPSF: $600
• FAR: 1.00
• Tax Class: 4
• Zoning: C8-2, BR
• Lot Size: 10,000
• Last Sale Price: $3,150,000 (08/27/2014)
• Permits: Alteration type 2 (06/06/2016)
• Lot Dimensions: 100 ft x 100 ft

The buyer of the property is Steven W Lawitts, and the seller is Catherine Papayiannis.