Ashvin Patel Acquires Industrial Property On Chauncey Street In Bushwick For $4.7M

The industrial property located at 769 Chauncey Street in Bushwick, Brooklyn has been sold. The transaction took place on April 20, 2021. The property is zoned as M1-1 and has a total square footage of 15,000. The sale price was $4,700,000, resulting in a price per square foot of $313. The buyer, Ashvin Patel, purchased the property from the seller, Peter Bajic. The lot size is 14,985 square feet, with dimensions of 150 ft x 100 ft. The property has a floor area ratio (FAR) of 1.00 and is classified under tax class 4. An alteration type 2 permit was issued on December 11, 2001.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $4,700,000
• Market: Bushwick, Brooklyn
• Zoning: M1-1
• Buyer: Ashvin Patel
• Seller: Peter Bajic
• Price per Square Foot: $313
• Lot Size: 14,985 square feet
• Permit: Alteration type 2 (12/11/2001)
• Lot Dimensions: 150 ft x 100 ft

Ashvin Patel, the buyer, acquired the industrial property at 769 Chauncey Street in Bushwick, Brooklyn. Meanwhile, Peter Bajic acted as the seller in the transaction. This deal marks a significant transaction in the Industrial property market in the Bushwick area. It further demonstrates the strong demand for industrial properties in Brooklyn and highlights the active presence of buyers like Ashvin Patel in the local market.