Jared Wallace Acquires Commercial Property In Bay Ridge, Brooklyn For $3.2M

The commercial property located at 9201 Third Avenue in Bay Ridge, Brooklyn has been sold in a transaction that took place on February 18, 2022. The property is zoned as R6B, R4-1, C1-3, BR with a floor area ratio (FAR) of 0.54. The lot size measures 14,296 square feet with dimensions of 114.17 feet by 145 feet. The transaction involved a total sale price of $3,200,000.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $3,200,000
• Market: Bay Ridge, Brooklyn
• Buyer: Jared Wallace
• Seller: Robert A. Morelli

Jared Wallace was the buyer in this transaction, while Robert A. Morelli served as the seller. The property has a building square footage (BSF) of 28,592, resulting in a price per BSF of $111. The total square footage (SF) of the property is 7,720, with a price per SF of $414. The property is classified under tax class 4.

An alteration permit was issued for the property on February 15, 2022.