Muhammed Ali Acquires Commercial Property In Sunset Park, Brooklyn For $3.25M

The commercial property located at 5902 5th Avenue in Sunset Park, Brooklyn has been sold. The property is zoned as R6A and C2-4, making it suitable for a variety of commercial uses. The sale took place on January 26, 2022, with Muhammed Ali as the buyer and Tianting Huang as the seller. The transaction was completed for a price of $3,250,000.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $3,250,000
• Address: 5902 5th Avenue, Sunset Park, Brooklyn
• Market: Sunset Park, Brooklyn
• Zoning: R6A, C2-4

The property has a building square footage (BSF) of 6,000 and a price per BSF (PPBSF) of $541. The total square footage (SF) of the property is 7,320, with a price per square foot (PPSF) of $444. The floor area ratio (FAR) is 3.66, and the property falls under tax class 2B.

The lot size of the property is 2,000 square feet, with dimensions of 20 ft x 100 ft. The previous sale of the property was on June 30, 2015, for a price of $2,600,000. An alteration 2 permit was issued for the property on June 21, 2013.