David Cohen Acquires Commercial Property In East New York, Brooklyn For $31.4M

The commercial property located at 300 Sheffield Avenue in East New York, Brooklyn has been sold in a transaction that took place on January 27, 2022. The property is zoned as M1-4, indicating its classification as a commercial asset.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $31,400,000
• Address: 300 Sheffield Avenue
• Market: East New York, Brooklyn
• Zoning: M1-4

The buyer of the property is David Cohen, while the seller is Robert E. Poole.

The property has a building square footage (BSF) of 75,704, with a price per BSF (PPBSF) value of $414. The total area of the property is 105,229 square feet, and the price per square foot (PPSF) is $298.

The floor area ratio (FAR) for the property is 2.78, and its tax class is 4.

The lot size of the property is 37,852 square feet. The last recorded sale of the property was on March 20, 2015, at a price of $10,300,000. An alteration permit was issued on June 25, 2018. The lot dimensions are 196 feet by 195 feet.