Rob Frismi Acquires Warehouse In Red Hook, Brooklyn For $6.7M

A warehouse property located at 589 Smith Street in Red Hook, Brooklyn has been sold. The property is zoned as M3-1 and has a lot size of 27,007 square feet. The warehouse spans across 8,378 square feet and has a total buildable square footage (BSF) of 54,052. The price of the property was $6,700,000, which translates to a price per square foot (PPSF) of $799. The price per buildable square foot (PPBSF) is $123. The property has a floor area ratio (FAR) of 0.31 and is classified under tax class 4. The lot dimensions measure 200 feet by 175 feet. An alteration type 2 permit was issued on January 11, 2010.

Summary of transaction details

• Property Type: Warehouse
• Transaction Amount: $6,700,000
• Address: 589 Smith Street, Red Hook, Brooklyn
• Market: Red Hook, Brooklyn
• Zoning: M3-1
• Lot Size: 27,007 square feet
• Building Square Footage (BSF): 54,052
• Price per Square Foot (PPSF): $799
• Price per Buildable Square Foot (PPBSF): $123
• Floor Area Ratio (FAR): 0.31
• Tax Class: 4
• Lot Dimensions: 200 ft x 175 ft
• Permits: Alteration type 2 (01/11/2010)

The buyer of the property is Rob Frismi, and the seller is Sam Sherman.