Shlomo Chkifati Purchases Industrial Property At 129 11th Street Brooklyn For $2.4M

The property asset involved in this transaction is an industrial space located at 129 11th Street in Brooklyn. The property encompasses a total square footage of 7,650 with a building size of 10,000 square feet. The sale price was $2,400,000, with a price per square foot of $314 and a price per building square foot of $240. The zoning designation for the site is M2-1.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,400,000
• Address: 129 11th Street
• Market: Brooklyn
• Square Footage: 7,650
• Building Size: 10,000
• Price per Square Foot: $314
• Price per Building Square Foot: $240
• Zoning: M2-1
• Buyer: Shlomo Chkifati
• Seller: Cathy Hough & Sherrill Mass
• Buyer's Representative: Jesse Kay & Jakub Nowak - Marcus & Millichap
• Seller's Representative: Abdul Muid - Ivey North

This transaction involved key individuals including the buyer, Shlomo Chkifati, and sellers, Cathy Hough and Sherrill Mass. The buyer was represented by Jesse Kay and Jakub Nowak from Marcus & Millichap, who credited their extensive experience in the Gowanus area for facilitating this sale. Abdul Muid of Ivey North represented the sellers in the deal.