Elichai Pariente Acquires Commercial Property In Prospect Heights, Brooklyn For $14M

The commercial property located at 1034 Atlantic Avenue & 1035 Pacific Street in Prospect Heights, Brooklyn has recently been sold. The property has a lot size of 12,000 square feet with dimensions of 100 feet by 120 feet. It is classified as a commercial asset and has a floor area ratio (FAR) of 0.33. The tax class for this property is class 4.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $14,000,000
• Building Square Footage: 24,000
• Price per Building Square Foot: $583
• Total Square Footage: 27,960
• Price per Square Foot: $500
• Buyer: Elichai Pariente
• Seller: Cheung Ming Lee

Elichai Pariente has acquired the property from Cheung Ming Lee for a total sale price of $14,000,000. The building on the property has a total area of 24,000 square feet, resulting in a price per building square foot of $583. The total square footage, including the exterior, is 27,960 with a price per square foot of $500.