Make The Road New York Acquires Mixed-Used Property In Bushwick, Brooklyn For $3.5M

A mixed-use property located at 248 Menahan Street in Bushwick, Brooklyn has been sold in a recent transaction. The property has a zoning designation of R6 for residential use and C2-3 for commercial use. The sale took place on February 10, 2022, with Philip Joseph as the seller and Make the Road New York as the buyer. The transaction price for the property was $3,500,000.

Summary of transaction details

• Property Type: Mixed-used
• Transaction Amount: $3,500,000
• Market: Bushwick, Brooklyn
• Buyer: Make the Road New York
• Seller: Philip Joseph

The property has a building square footage (BSF) of 9,720 and a price per BSF (PPBSF) of $360. The total square footage (SF) of the property is 10,440, with a price per SF (PPSF) of $335. The property has a floor area ratio (FAR) of 2.61 and a tax class of 2B.

The lot size of the property is 4,000 square feet, with lot dimensions of 40 ft x 100 ft. The property had an alteration permit granted on January 11, 2016.