Alan Stern Acquires Multi Family Property In Midwood, Brooklyn For $4.175M

A multi-family property located at 1011 Ocean Parkway in Midwood, Brooklyn has been sold in a recent transaction. The property is zoned as R5, OP and offers a total building square footage (BSF) of 5,000 with a price per BSF (PPBSF) of $835. The total square footage (SF) of the property is 3,164, with a price per SF (PPSF) of $1,320. The property has a floor-area ratio (FAR) of 0.79 and a tax class of 1. The lot size is 4,000, with lot dimensions of 40 ft x 105 ft. The previous sale of the property took place on December 13, 2009, for a price of $0.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $4,175,000
• Address: 1011 Ocean Parkway, Midwood, Brooklyn
• Buyer: Alan Stern
• Seller: Judy Sussman
• PPBSF: $835
• PPSF: $1,320

The buyer in this transaction is Alan Stern, while the seller is Judy Sussman. The property was sold for a price of $4,175,000. The deal was closed on December 16, 2021. The transaction involved a multi-family property with a market location in Midwood, Brooklyn. It is a valuable asset with a desirable zoning of R5, OP.