Chad Nelson Acquires Industrial Property In East New York For $2.5M

The industrial property located at 555 Liberty Ave in East New York has been sold for $2,500,000. The property has a building square footage (BSF) of 22,374 and a price per BSF (PPBSF) of $111. The total square footage (SF) of the property is 11,187, with a price per square foot (PPSF) of $223. The property is zoned M1-4/R6A, MX-16 and has a lot size of 74.58 ft x 100 ft.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $2,500,000
• Address: 555 Liberty Ave
• Market: East New York
• Zoning: M1-4/R6A, MX-16

The buyer in this transaction is Chad Nelson, while the seller is Moshe Simpson. The brokers involved in the deal are Rob Finnerty from RobertOFinn, Dan Marks from BrooklynDanny, and Daniel Lebor from DanielLebor at TerraCRG. The property had previously been sold for $2,150,000 in June 2020.