Yitzchok Schwartz Acquires Special Purpose Building At 180 Van Buren St For $6 Million

A specialty building located at 180 Van Buren Street in the Bedford-Stuyvesant market of Brooklyn has been sold for $6,000,000. The asset spans 12,610 square feet, resulting in a price per square foot of $476. This transaction involved the buyer acquiring the property through bankruptcy proceedings from the Chapter 11 trustee of Upper Room Baptist Church.

Summary of transation details:

• Property Type: Special Purpose
• Transaction Amount: $6,000,000
• Address: 180 Van Buren Street, Bedford Stuyvesant, Brooklyn
• Square Footage: 12,610
• Price Per Square Foot: $476
• Buyer: Yitzchok Schwartz
• Seller: Upper Room Baptist Church

Yitzchok Schwartz, acting through Van Buren II LLC, is planning for ground-up development on the acquired property following this transaction.