Yair Yaish Acquires Industrial Property In Prospect Heights, Brooklyn For $3.6M

The industrial property located at 251 St Marks Avenue in Prospect Heights, Brooklyn was recently sold in a closed transaction. The property has a lot size of 5,240 square feet with dimensions of 40 ft x 131 ft. Its zoning designation is R6B, and it falls under tax class 4. The last recorded sale of the property was on November 20, 2000, for a price of $0. On November 3, 2021, permits for an alteration type 3 were issued for the property.

Summary of transaction details

• Property Type: Industrial
• Sale Date: 11/23/2021
• Address: 251 St Marks Avenue
• Market: Prospect Heights, Brooklyn
• Buyer: Yair Yaish
• Seller: Isaac Stern
• Price: $3,600,000
• Building Square Footage: 7,800
• Price per Square Foot: $462
• Land Square Footage: 5,240
• PPSF: $344
• FAR: 1.49

Yair Yaish acted as the buyer in this transaction, while Isaac Stern was the seller. The deal was closed at a price of $3,600,000. The building on the property spans 7,800 square feet, with a price per square foot of $462. The purchase of the property also included land measuring 5,240 square feet. The buyer's representative in the deal was not mentioned in the provided information.