Stanley Lormestil Acquires Commercial Property In Flatbush, Brooklyn For $5M

The commercial property located at 1423 Nostrand Avenue & 1421 Nostrand Avenue in Flatbush, Brooklyn was sold on April 19, 2022. The property has a total building square footage (BSF) of 6,600 and a price per BSF (PPBSF) of $757. The total square footage (SF) of the property is 4,422, with a price per square foot (PPSF) of $1,130. The property sits on a lot size of 2,100 square feet, with dimensions of 20 ft x 105 ft.

Summary of transation details

• Property Type: Commercial
• Transaction Amount: $5,000,000
• Buyer: Stanley Lormestil
• Seller: Anthony Marchese
• Last Sale Price: $1,800,000 (6/19/2009)
• Permits: Alteration 2 (10/13/2010)

The buyer of the property is Stanley Lormestil, while the seller is Anthony Marchese. The previous sale of the property took place on June 19, 2009, for a price of $1,800,000. Additionally, an alteration permit was issued for the property on October 13, 2010.