Salvatore Bullaro Buys Commercial Property in Williamsburg for $4.5M
Salvatore Bullaro purchases a commercial property in Williamsburg, Brooklyn from Dennis McCorMack for $4.5M.
Salvatore Bullaro, a real estate investor and developer, has purchased a commercial property located at 278 Grand Street in Williamsburg, Brooklyn from Dennis McCorMack for 4.5M. The property is zoned R6B, C2-4 and has a building square footage of 3,850 with a price per building square foot of 1,168. The lot size is 1,925 square feet with a lot dimension of 25 ft x 77 ft.
The property was last altered on January 26, 2017, and has a floor area ratio (FAR) of 4.00. The tax class for the property is 2A.
Williamsburg, Brooklyn is a popular neighborhood for commercial real estate investors due to its proximity to Manhattan and its vibrant arts and culture scene. The area has experienced significant growth in recent years, with new developments and businesses opening up regularly.
The seller, Dennis McCorMack, is a local real estate investor who has owned the property for several years. The buyer, Salvatore Bullaro, is a seasoned real estate investor and developer with a portfolio of properties throughout New York City.
The brokers for the deal were not disclosed. However, it is likely that both the buyer and seller were represented by experienced commercial real estate brokers who specialize in the Williamsburg market.
Overall, the sale of 278 Grand Street in Williamsburg, Brooklyn is a testament to the continued growth and demand for commercial real estate in the area. With its prime location and attractive zoning, the property is sure to be a valuable asset for Salvatore Bullaro and his real estate portfolio.