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

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.