Lester Weiss Acquires Industrial Property In Greenpoint, Brooklyn For $8.5M

The industrial property located at 429 Vandervoort Ave in Greenpoint, Brooklyn has been sold in a transaction that took place on January 19, 2022. The property is zoned as M1-1 and has a lot size of 35,000 square feet. It features a total building square footage of 33,950 with a price per square foot of $250. The building has a total of 35,000 square feet of gross floor area, resulting in a price per gross floor square foot of $424. The property's floor area ratio (FAR) is 0.97, and it is classified under tax class 4. The lot dimensions measure 350 feet by 100 feet. The sale of the property was completed for a total price of $8,500,000.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $8,500,000
• Market: Greenpoint, Brooklyn
• Buyer: Lester Weiss
• Seller: Lester Weiss

Lester Weiss, the buyer, and seller in this transaction, acquired the industrial property at 429 Vandervoort Ave. The deal included an alteration permit that was issued on December 2, 2008. The transaction did not involve any brokers or representatives.