Len Zichlin Acquires Factory In Unionport For $29.5M From Susan Efron

A factory located at 1255 Seabury Avenue in the Unionport market has been sold in a recent transaction. The property, with a lot size of 98,712 square feet, is zoned as M1-1, indicating its suitability for industrial use. The transaction took place on August 2, 2021, with Len Zichlin purchasing the property from Susan Efron for a total price of $29,500,000. The building has a total square footage of 70,086, with a price per square foot of $420. Additionally, the property has a buildable square footage (BSF) of 98,712, resulting in a price per buildable square foot (PPBSF) of $298. The floor area ratio (FAR) is calculated at 0.71, and the tax class is designated as 4.

Summary of transaction details:

• Property Type: Factory
• Transaction Amount: $29,500,000
• Address: 1255 Seabury Avenue
• Market: Unionport
• Zoning: M1-1
• Buyer: Len Zichlin
• Seller: Susan Efron
• Square Footage: 70,086
• Price per Square Foot: $420
• Lot Size: 98,712
• Price per Buildable Square Foot: $298
• Floor Area Ratio (FAR): 0.71
• Tax Class: 4

This transaction also involved an alteration permit of type 1, issued on February 3, 2003. The lot dimensions are measured at 206.13 ft x 478.88 ft.