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Abraham Posner Acquires Mixed-use Property In Boerum Hill For $2.6M

Property Image
SOLD
$2,600,000

New York

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Mixed-use2,997 SF
Sold 01/14/2021
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Property Image
SOLD

Abraham Posner Acquires Mixed-use Property In Boerum Hill For $2.6M

80a 4th Ave, Brooklyn, NY, USA

See Similar Deals
Mixed-use2,997 SF
Sold 01/14/2021
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$867
Total Square Footage:2,997 SF
Transaction Type:Sale

Located in Boerum Hill, the mixed-use property at 80A 4th Ave has recently changed hands in a sale transaction. The property is zoned as R8A, C2-4, EC-1, allowing for various uses.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $2,600,000
  • Building Square Footage: 9,969
  • Price per Building Square Foot: $260
  • Lot Size: 20 ft x 82.83 ft
  • Last Sale: $2,125,000 (6/2016)

The buyer of the property is Abraham Posner, while the seller is Ruben Azrak.

This transaction represents a successful closed deal in the Boerum Hill market. The property offers a mix of residential and commercial units, providing potential for a diverse range of businesses and residents. With a total square footage of 9,969, the property offers ample space for various purposes. The sale price of $2,600,000 and a price per square foot of $260 indicate that the property was valued favorably in the market. The lot size, measuring 20 ft x 82.83 ft, provides additional potential for development or expansion. The previous sale of $2,125,000 in June 2016 shows appreciation in value over time.

Players

3 deals$30M volume
BUYER

Details

SOLD
IMAGE: 01/14/2021 ADDRESS: 80A 4th Ave MARKET: Boerum Hill ASSET TYPE: Mixed use ~ ZONING: R8A, C2-4, EC-1 BUYER: Abraham Posner SELLER: Ruben Azrak PRICE: $2,600,000 BSF: 9,969 ~ PPBSF: $260 SF: 2,997 ~ PPSF: $867 LAST SALE: $2,125,000 (6/2016) LOT SIZE: 20 ft x 82.83 ft

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