Doug Heitner Acquires Warehouse In Downtown Brooklyn For $33.25M

Located at 67 Prince Street in Downtown Brooklyn, Brooklyn, this warehouse property was recently sold in a transaction on November 12, 2021. The asset sits within the C6-4, DB zoning district. The property consists of a total building square footage (BSF) of 194,500, with a price per BSF (PPBSF) of $171. The total lot size is 19,450, and the lot dimensions are 87.75 ft x 85.08 ft. The previous sale of the property was on August 17, 2018, with a sale price of $30,021,900. The recent transaction attracted a purchase price of $33,250,000, resulting in a price per square foot (PPSF) of $290. The property has a floor area ratio (FAR) of 5.89, and it falls under tax class 4. The permits for the property were obtained on July 8, 2021.

Summary of transation details

• Property Type: Warehouses
• Transaction Amount: $33,250,000
• Buyer: Doug Heitner
• Seller: Eliezer S Weiss
• Square Footage: 114,500

Doug Heitner acted as the buyer in this transaction, while Eliezer S Weiss represented the seller. The deal was closed at a significant price, with Doug Heitner acquiring the property for $33,250,000. The property's square footage measures 114,500, contributing to a price per square foot of $290. This transaction marks a notable increase in the property's value compared to its previous sale price of $30,021,900 in 2018.