Food Saver NY Seeks Tax Breaks to Acquire Brooklyn Home
Food Saver New York, which processes and distributes food products, is looking to buy its home in the East Flatbush neighborhood of Brooklyn, according to city documents.
The industrial building at 402 East 83rd Street, owned by IJ Litwack Realty, is 25,800 square feet and sits on 21,800 square feet of land, according to the notice of public hearing from the New York City Industrial Development Agency. The purchase is expected to cost $5.4 million and Food Saver New York is seeking payments in lieu of city real property taxes and deferral of city and state mortgage recording taxes. NYCIDA will address the application at a public hearing on April 9.
Food Saver New York, established in 1996, employs 20 full-time workers at the location, which has an alternate address of 8050 Chase Court, and hopes to bring on six new full-time employees, the application indicates.
“I’ve just put quite a bit of money into [the building],” said Orin Tucker, the owner of Food Saver New York.
Building leasing broker Michael C. O’Brien, the chief executive officer of M.C. O’Brien, said Food Saver New York occupies the entire building and maintains offices and meeting rooms on the second floor. It has been a tenant for at least 15 years, he said.
Irving Litwak‘s IJ Litwack Realty, which has owned the property since 1997, wasn’t immediately reachable for comment.