Jacob Fulop Acquires Multifamily Property In Borough Park, Brooklyn For $3.6M

The multifamily property located at 1255 43rd Street in Borough Park, Brooklyn was recently sold in a closed transaction. The property is situated on a lot size of 3,746 with dimensions of 37.5 ft x 100.17 ft. The total square footage of the property is 13,184, and the building has a total of 9,127 square feet of buildable space. The zoning designation for the property is R6, allowing for multifamily use.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $3,600,000
• Price per Square Foot: $273
• Buildable Square Feet: 9,127
• Price per Buildable Square Foot: $394
• Tax Class: 2B
• Market: Borough Park, Brooklyn

The buyer in this transaction is Jacob Fulop, while the seller is Menashe Schwartz. The transaction took place on May 18, 2021, with a total floor area ratio (FAR) of 3.51. The property's zoning allows for multifamily use, making it a desirable asset in the market. It is important to note that no additional information regarding financing or other parties involved in the transaction was provided.