Alexander W Seligson Acquires Industrial Property In Midwood, Brooklyn
711 Kings Highway
6,648 SF
Summary
The industrial property located at 711 Kings Highway in Midwood, Brooklyn has been sold in a closed transaction. The property is zoned for R6A OP, C2-3, and OP, allowing for various industrial uses. The sale took place on May 5, 2021, with Alexander W Seligson purchasing the property from Nicolaos Nicolaou for a price of $3,100,000. The property has a building square footage (BSF) of 14,664, with a price per BSF of $211. The total land square footage (SF) is 6,648, with a price per SF of $466.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Market: Midwood, Brooklyn
- Zoning: R6A OP, C2-3, OP
It is worth noting that the property has a floor area ratio (FAR) of 1.36 and falls under tax class 4. The lot size is 4,879, and the property's lot dimensions are 47.25 ft x 104.17 ft. An alteration permit of type 2 was issued on June 19, 2003.
Congratulations to Alexander W Seligson on acquiring this industrial property in Midwood, Brooklyn. We wish them success with their future endeavors in this new investment.
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