Markiel Chulpayev Acquires Commercial Property In East New York, Brooklyn For $3.5M

The commercial property located at 2749 Atlantic Avenue, 2753 Atlantic Avenue, and 2755 Atlantic Avenue in East New York, Brooklyn has been sold. The property is zoned for various uses including R8A, C2-4, and EC-5, making it suitable for a range of commercial activities. The transaction took place on December 30, 2021, with a sale price of $3,517,500.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $3,517,500
• Market: East New York, Brooklyn
• Zoning: R8A, C2-4, EC-5

The buyer of the property is Markiel Chulpayev, while the seller is Mitchell Brown. The property has a building square footage of 12,667, with a price per square foot of $277. The building has a total floor area of 49,617 square feet, resulting in a price per buildable square foot of $70. The FAR (Floor Area Ratio) is 150, indicating the potential for additional development on the property. The property falls under tax class 4.

The lot size of the property is 2,750 square feet, with dimensions of 25 feet by 110 feet. This transaction marks an important sale in the East New York, Brooklyn market, showcasing the demand for commercial properties in the area.