Shlomo And Albert Chkifati Purchase Industrial Property On Union Street For $6.4M

A property located at 51 Union Street in the Columbia Street Waterfront District has been sold in a recent transaction. The industrial property, with a zoning classification of M2-1, was acquired by Shlomo Chkifati and Albert Chkifati from John Scala.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $6,400,000
• Address: 51 Union Street, Columbia Street Waterfront District
• Buyer: Shlomo Chkifati and Albert Chkifati
• Seller: John Scala

The property measures 14,600 square feet and has a building square footage (BSF) of 29,200. The price per building square foot (PPBSF) is $219. The sale price equates to $438 per square foot (PPSF). The property has a floor area ratio (FAR) of 1.00 and is categorized under tax class 4. It sits on a lot with dimensions of 100 feet by 146 feet and has a permit for a sign issued on December 7, 2016.

It is worth noting that the lot size matches the total square footage of the property, indicating that the entire lot has been developed with the existing industrial structure.