Simkho Aranbayev Acquires Commercial Real Estate In Brownsville, Brooklyn For $5.4M

The commercial real estate property located at 489 Rockaway Avenue in Brownsville, Brooklyn has been sold in a transaction that took place on November 23, 2022. The property falls under the C4-3 zoning category and has a total square footage of 14,261. The buyer, Simkho Aranbayev, purchased the property from the seller, Tal Jo Kwon, for a total price of $5,400,000. The price per square foot for the property is $378, and the building has a total building square footage of 85,068 with a price per building square foot of $63. The lot size is 25,020 and the lot dimension measures 250 ft x 100.08 ft. The property's floor area ratio (FAR) is 0.57, and it falls under tax class 4.

Summary of Transaction Details:

• Property Type: Commercial Real Estate
• Transaction Amount: $5,400,000
• Buyer: Simkho Aranbayev
• Seller: Tal Jo Kwon
• Market: Brownsville, Brooklyn
• Zoning: C4-3

The transaction involved Simkho Aranbayev as the buyer and Tal Jo Kwon as the seller. The property was sold for a total price of $5,400,000. The deal included the alteration permit dated July 18, 2017. It is important to note that no additional information regarding the individuals or companies involved in the transaction was provided.