Emma Mcmahon Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $4.85M

A multifamily property located at 114 Monroe Street in Bedford-Stuyvesant, Brooklyn has been sold in a recent transaction. The property is zoned as R6B, R6A, and C2-4, allowing for various uses. The transaction took place on July 27, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,852,000
• Address: 114 Monroe Street, Bedford-Stuyvesant, Brooklyn
• Market: Bedford-Stuyvesant, Brooklyn
• Zoning: R6B, R6A, C2-4

Emma Mcmahon purchased the property from Stephen Simiun. The buyer's representative in the deal was not mentioned in the provided information.

The property has a building square footage (BSF) of 3,700, with a price per BSF of $1,311. The total lot size is 1,850 square feet, with a dimensions of 18.5 ft x 100 ft. The building itself measures 3,644 square feet, resulting in a price per square foot (PPSF) of $1,331.

The property has a floor area ratio (FAR) of 1.97, indicating the total buildable area is nearly twice the size of the lot. It falls under tax class 1.

Additional details related to the property include its last sale price of $1,150,000 on September 8, 2016. An alteration permit was issued on October 11, 2018 (Permit Type: Alteration 2).