Matthew LoCurto Acquires Warehouse In East Flatbush, Brooklyn For $6.85M

The property involved in this transaction is a warehouse located at 5361 Preston Court in the East Flatbush neighborhood of Brooklyn. The property has a zoning designation of M1-1, indicating that it is intended for industrial use. It spans a total of 21,687 square feet and has a building square footage (BSF) of 25,477. The price for this property was $6,850,000, resulting in a price per square foot (PPSF) of $316. The property's floor area ratio (FAR) is 0.85, and it falls under tax class 4. The lot size is 25,477 square feet, with dimensions of 127.85 feet by 208.24 feet.

Summary of transation details

• Property Type: Warehouses
• Transaction Amount: $6,850,000
• Market: East Flatbush, Brooklyn
• Zoning: M1-1
• BSF: 25,477
• PPBSF: $269
• SF: 21,687
• PPSF: $316
• FAR: 0.85
• Tax Class: 4
• Lot Size: 25,477
• Last Sale Price: $0
• Lot Dimension: 127.85 ft x 208.24 ft

The buyer in this transaction was Matthew LoCurto, while the seller was Dino Tomassetti Jr.