David Cohen Acquires Clinton Hill Commercial Property From Jack Cayre For $32M

A commercial property located at 45 Clinton Avenue in Clinton Hill, Brooklyn has been sold for a total price of $32,000,000. The property has a building square footage of 66,528 and a price per square foot of $481. The building has a total of 57,850 square feet and a price per buildable square foot of $553. The property is zoned as M1-2, allowing for commercial use. The lot size is 28,925 square feet with dimensions of 204 ft x 165.92 ft.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $32,000,000
• Market: Clinton Hill, Brooklyn
• Buyer: David Cohen
• Seller: Jack Cayre
• Last Sale Price: $26,978,100 (8/17/2018)
• Permits: Alteration (12/28/2021)

David Cohen, representing the buyer, has acquired the property located at 45 Clinton Avenue. The seller, Jack Cayre, agreed to the transaction. The property has a floor area ratio (FAR) of 2.30 and is classified under tax class 4.