Vitangelo Parente Acquires Bay Ridge Mixed-Use Property For $4.1M

The mixed-use property located at 8602-8610 Fifth Avenue in Bay Ridge has been sold in a recent transaction. The property has a zoning designation of C4-2A, BR and sits on a lot size of 2,000 square feet. The building has a total square footage of 5,920, with a buildable square footage of 6,000. The sale price for the property was $4,100,000, resulting in a price per square foot of $692.

Summary of transaction details

• Property Type: Mixed-use
• Sale Price: $4,100,000
• Lot Size: 2,000 square feet
• Building Square Footage: 5,920
• Buildable Square Footage: 6,000
• Price per Square Foot: $692
• Zoning: C4-2A, BR

Vitangelo Parente has acquired the property from the Hionas Family. The transaction involves altering the property, with an alteration permit of type 2 issued on January 9, 2018. The property has a floor area ratio (FAR) of 2.96 and falls under tax class 2B. The lot dimensions are 20.08 feet by 80.33 feet.