Noah Vadnai Acquires Multifamily Property On Beverley Road, Brooklyn For $3.3M

A multifamily property located at 1203 Beverley Road in Prospect Park South, Brooklyn has been sold in a recent transaction. The property is zoned as R1-2 and has a lot size of 5,000 square feet with dimensions of 50 ft x 100 ft. The building has a total square footage of 3,100 and a buildable square footage of 2,500. The sale price for this transaction was $3,300,000, resulting in a price per square foot of $1,064. The last recorded sale for this property was on June 21, 2011, with a sale price of $875,000. The property has a floor area ratio (FAR) of 0.62 and falls under tax class 1.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Price per Buildable Square Foot (PPBSF): $1,320
• Price per Square Foot (PPSF): $1,064
• Lot Size: 5,000 square feet
• Last Sale Price: $875,000 (06/21/2011)

Noah Vadnai represented the buyer, while Howard Pyle Iv represented the seller in this transaction.