Michael Wahba Acquires Industrial Property In Sunset Park, Brooklyn From Aryeh Birnhack For $4.1M
241 48th Street
7,712 SF
Summary
A transaction has taken place in Sunset Park, Brooklyn, involving an industrial property located at 241 48th Street. The property, with a lot size of 7,712 square feet, is zoned as M1-2D. The sale of this property occurred on November 24, 2021, with Michael Wahba as the buyer and Aryeh Birnhack as the seller. The transaction price for this property was $4,100,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,100,000
- Market: Sunset Park, Brooklyn
- Address: 241 48th Street
- Lot Size: 7,712 square feet
- Zoning: M1-2D
- Buyer: Michael Wahba
- Seller: Aryeh Birnhack
The property at 241 48th Street in Sunset Park, Brooklyn was last sold on April 3, 2008, for a price of $2,185,000. The lot dimension of the property is 77 feet by 100.17 feet. The building on the property has a total square footage of 15,424 and a price per square foot of $266. The property itself has a square footage of 7,712 with a price per square foot of $532. The floor area ratio (FAR) for the property is 1.00 and it falls under tax class 4.
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