Shibber Khan's Criterion Group Acquires 900 Wyckoff Avenue Industrial Property In Bushwick For $6.7M

On March 31, 2021, a transaction took place involving the sale of an industrial property located at 900 Wyckoff Avenue in Bushwick. The property spans approximately 37,000 square feet and is situated on a corner lot measuring 180' x 200'. It is zoned M1-1 with a floor area ratio (FAR) of 1.0, allowing for commercial, industrial, and community facility use. The sale price for this parcel of land was $6,700,000, which translates to a price per square foot of $190.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $6,700,000
• Square Footage: 37,000
• Address: 900 Wyckoff Avenue
• Market: Bushwick

The buyer in this transaction was Shibber Khan representing The Criterion Group. The seller, Tom Tinneny, had owned the property for 40 years, making this sale a personal and emotional endeavor for both parties involved. The brokerage representation was provided by DJ Johnston from B6RealEstate Advisors, who represented the seller in the deal.

DJ Johnston mentions that the sale of 900 Wyckoff Avenue had its fair share of complexities. The property's proximity to the Halsey / Wyckoff L Train station adds to its appeal. It is worth noting that DJ Johnston's prior experience working with long-term family businesses in Bushwick, including the sale of The Standard Tinsmith and The Weirfield Coal Company, has positioned B6RealEstate Advisors as a trusted representative for these types of owners.

For more in-depth insights on the intricate details surrounding this transaction, interested parties can reach out to DJ Johnston directly. Contact information for DJ Johnston is as follows:

Contact: DJ Johnston
Phone: 914-584-7422
Email: [email protected]