Yoel Gruber Acquires Sunset Park Warehouse From Hindy Sobel For $12M

Located in Sunset Park, Brooklyn, this warehouse at 266 47 Street recently changed hands in a closed property transaction. The property is zoned as M1-2D, making it suitable for industrial use. The warehouse spans a total area of 25,482 square feet, with a building square footage (BSF) of 12,020. The sale price of this transaction was $12,000,000, resulting in a price per square foot (PPSF) of $470. The buyer, Yoel Gruber, acquired the property from the seller, Hindy Sobel. The lot size measures 6,010 square feet, with lot dimensions of 60 feet by 100.17 feet. The previous sale of this property took place on April 15, 2016, with a sale price of $5,530,000.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $12,000,000
• Market: Sunset Park, Brooklyn
• Zoning: M1-2D
• Buyer: Yoel Gruber
• Seller: Hindy Sobel
• Building Square Footage: 12,020
• Price Per Square Foot: $470
• Square Footage: 25,482
• Lot Size: 6,010
• Last Sale Price: $5,530,000 (April 15, 2016)
• Lot Dimensions: 60 ft x 100.17 ft

This transaction achieved a floor area ratio (FAR) of 4.24, indicating efficient utilization of the property's development rights. The tax class for this warehouse is classified as 4. In terms of permits, an alteration type 3 permit was issued on June 8, 2017.