Builders Group USA Acquires Industrial Building In Bushwick, Brooklyn For $6.975M

Builders Group USA, operating as 972 Bushwick LLC, has acquired the industrial building located at 972 Bushwick Avenue in Bushwick, Brooklyn. The property was sold by Royalton Capital's Artemesia Spe LLC for a total sale price of $6,975,000. With a building square footage (BSF) of 16,353, the purchase price per building square footage (PPBSF) amounts to $427. The transaction took place on January 5, 2024.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $6,975,000
• Date: 01/05/2024
• Address: 972 Bushwick Avenue
• Market: Bushwick, Brooklyn

Yitzchok Salamon, representing Builders Group USA, played a key role in the acquisition of the industrial building. On the other side, Jin Lee represented Royalton Capital in the sale. The deal was finalized at a sale price of $6,975,000, with the property offering a total BSF of 16,353. The purchase price per building square footage (PPBSF) was set at $427. The transaction represents an important investment opportunity in the industrial market of Bushwick, Brooklyn.

Builders Group USA, under the name 972 Bushwick LLC, successfully purchased the industrial property at 972 Bushwick Avenue, while Jin Lee of Royalton Capital facilitated the sale. The transaction, totaling $6,975,000, presents an attractive deal within the Bushwick, Brooklyn market. With a substantial BSF of 16,353, the purchase price per building square footage (PPBSF) equates to $427. This acquisition marks an important investment move in the industrial sector.