Alexander W Seligson Acquires Industrial Property In Midwood, Brooklyn

The industrial property located at 711 Kings Highway in Midwood, Brooklyn has been sold in a closed transaction. The property is zoned for R6A OP, C2-3, and OP, allowing for various industrial uses. The sale took place on May 5, 2021, with Alexander W Seligson purchasing the property from Nicolaos Nicolaou for a price of $3,100,000. The property has a building square footage (BSF) of 14,664, with a price per BSF of $211. The total land square footage (SF) is 6,648, with a price per SF of $466.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $3,100,000
• Market: Midwood, Brooklyn
• Zoning: R6A OP, C2-3, OP

It is worth noting that the property has a floor area ratio (FAR) of 1.36 and falls under tax class 4. The lot size is 4,879, and the property's lot dimensions are 47.25 ft x 104.17 ft. An alteration permit of type 2 was issued on June 19, 2003.

Congratulations to Alexander W Seligson on acquiring this industrial property in Midwood, Brooklyn. We wish them success with their future endeavors in this new investment.