David Levine Acquires Industrial Property In East New York, Brooklyn For $35.5M

The industrial property located at 906 Wortman Avenue in East New York, Brooklyn has been sold in a recent transaction. The property is zoned as M1-1 and spans a total area of 112,800 square feet. The transaction took place on December 7, 2021, with a sale price of $35,500,000. The price per square foot for this acquisition amounts to $315. It is important to note that the last recorded sale price for this property was $0 on January 4, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $35,500,000
• Address: 906 Wortman Avenue
• Market: East New York, Brooklyn
• Asset Type: Industrial
• Zoning: M1-1
• Square Footage: 112,800
• Price per Square Foot: $315
• Last Sale Price: $0 (01/04/2021)

The buyer in this transaction is David Levine, while the seller is Hillel Tropper.