Rick A Mathews Acquires Warehouse Property In Greenpoint, Brooklyn For $38M

A warehouse located at 301 Norman Avenue in Greenpoint, Brooklyn has been sold in a recent transaction. The property, zoned as M3-1, offers a total lot size of 78,740 square feet and boasts dimensions of 155 feet by 508 feet. With a floor area ratio (FAR) of 0.74, the warehouse encompasses 58,152 square feet of interior space. The transaction took place on December 3, 2021.

Summary of Transaction Details:

• Property Type: Warehouse
• Sale Price: $38,000,000
• Price per Square Foot: $653
• Building Square Footage: 58,152
• Land Area: 78,740 square feet
• Zoning: M3-1
• Previous Sale Price: $0 (on May 21, 2003)

The warehouse was acquired by Rick A Mathews from Barry Swidler. Rick A Mathews was represented by their broker, while Barry Swidler did not have a broker involved in the transaction. The property's tax class is 4, and the price per buildable square foot is $241.