Vlad Lyubarsky Acquires Industrial Property In Bushwick For $6M

Located in the bustling Bushwick neighborhood of Brooklyn, a transaction took place on November 23, 2020, involving the sale of an industrial property at 60 Central Ave. The property, characterized by its industrial zoning of M3-1, offers a significant space for various business operations.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $6,000,000
• Market: Bushwick
• Asset Type: Industrial, Zoning: M3-1

The buyer of the property is Vlad Lyubarsky, while the seller is Alexander Tukmanian. The deal was conducted at a price of $6,000,000, with an impressive building size of 90,800 square feet and a price per square foot (PPSF) of $66. The lot on which the property sits spans 200 feet by 227 feet, providing ample space for business activities.

This transaction signifies a key real estate deal within the Bushwick market, highlighting the involvement of Vlad Lyubarsky as the buyer and Alexander Tukmanian as the seller. Such transactions play a crucial role in shaping the industrial landscape of the neighborhood, demonstrating the continued investment potential in this area of Brooklyn.