Brandon Mcgraw Acquires Multifamily Property In Clinton Hill, Brooklyn For $3.6M

The multifamily property located at 116 Willoughby Avenue in Clinton Hill, Brooklyn was recently sold for a total price of $3,600,000. The property has a building square footage (BSF) of 2,496 and a price per BSF (PPBSF) of $1,442. The total square footage (SF) of the property is 3,220, with a price per square foot (PPSF) of $1,118. The property has a floor area ratio (FAR) of 2.58 and falls under tax class 1. The lot size is 1,248 square feet, with dimensions of 17.5 feet by 71.33 feet. Permit records show an alteration permit issued on May 30, 2013.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Market: Clinton Hill, Brooklyn
• Zoning: R6B
• Buyer: Brandon Mcgraw
• Seller: Richard W. Ashley III & Allen P. Ashley

The deal's key individuals involved in this transaction include Brandon Mcgraw as the buyer and Richard W. Ashley III & Allen P. Ashley as the sellers. The property was purchased at a price of $3,600,000, with a building square footage of 2,496 and a total square footage of 3,220. The buyer was represented by their broker, while the seller was not mentioned to have a representative in the deal.