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David Bistricer Acquires Crown Heights Warehouse From Boris Saks For $4.73M

643 Classon Avenue
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This Industrial property located in NY was sold for $4,730,000 over 2 years ago.

A warehouse located at 643 Classon Avenue in Crown Heights, Brooklyn has been sold in a recent transaction. The property, with a total area of 17,132 square feet, was purchased by David Bistricer from Boris Saks for a price of $4,730,000. The sale price per square foot was $1,150.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $4,730,000
  • Address: 643 Classon Avenue, Crown Heights, Brooklyn
  • Market: Crown Heights, Brooklyn
  • Zoning: M1-1

David Bistricer acted as the buyer in this transaction, while Boris Saks was the seller. The warehouse has a floor area ratio (FAR) of 0.96 and is classified under tax class 4. The lot size is 4,283 square feet, with dimensions of 48.67 ft x 88 ft. The property had previously been sold for $2,300,000 on October 11, 2014.

An alteration permit (Alteration 3) was issued for the warehouse on July 29, 2021.

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Deals
  • Location
    643 Classon Avenue, Brooklyn, New York 11238, United States643 Classon Avenue, Brooklyn, New York 11238, United States
  • Sale Price
    $4,730,000$4,730,000
    $1,150 PPSF$1,150 PPSF
  • Area
    4,112 SF4,112 SF
  • Asset Type
    IndustrialIndustrial

Deal Summary

SALE DATE: 12/22/2021 ADDRESS: 643 Classon Avenue MARKET: Crown Heights, Brooklyn ASSET TYPE: Warehouse ~ ZONING: M1-1 BUYER: David Bistricer SELLER: Boris Saks PRICE: $4,730,000 BSF: 17,132 ~ PPBSF: $276 SF: 4,112 ~ PPSF: $1,150 FAR: 0.96 TAX CLASS: 4 LOT SIZE: 4,283 LAST SALE PRICE: $2,300,000 (10/11/2014) PERMITS: Alteration 3 (07/29/2021) LOT DIMENSION: 48.67 ft x 88 ft

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