Humberto Lopes Acquires Warehouses In Greenwood Heights, Brooklyn For $7.35M

A sale transaction closed on 12/03/2021 in Greenwood Heights, Brooklyn, involving three warehouses located at 750, 754, and 758 4 Avenue. The asset type of these warehouses is categorized as M1-2D, with a total building square footage (BSF) of 24,436 and a price per BSF (PPBSF) of $301. The total square footage (SF) of the warehouses is 24,400, and the price per square foot (PPSF) is also $301. The transaction price for this deal was $7,350,000. The lot size is 7,104, with lot dimensions measuring 60 ft x 85 ft.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $7,350,000
• Market: Greenwood Heights, Brooklyn
• Zoning: M1-2D
• Buyer: Humberto Lopes
• Seller: Joseph Houss
• Building Square Footage (BSF): 24,436
• Price per BSF (PPBSF): $301
• Total Square Footage (SF): 24,400
• Price per Square Foot (PPSF): $301
• Lot Size: 7,104
• Last Sale Price: $0 (7/7/2011)
• Lot Dimensions: 60 ft x 85 ft

This sale transaction was represented by Humberto Lopes from the buying side and Joseph Houss from the selling side. The property has a floor area ratio (FAR) of 2.00 and falls under tax class 4.