Seth Romarick Acquires Multifamily Property In Williamsburg, Brooklyn For $4.2M

The multifamily property located at 128 South 1st Street in Williamsburg, Brooklyn has been sold. The transaction took place on September 2, 2022. The property is zoned as R6 and C2-3, allowing for multiple uses. With a building square footage (BSF) of 6,075, the property offers ample space for residents or commercial activities. The sale price for this property was $4,200,000, resulting in a price per building square foot (PPBSF) of $691. The total square footage of the property is 3,500, leading to a price per square foot (PPSF) of $1,200.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Market: Williamsburg, Brooklyn
• Zoning: R6, C2-3
• Square footage: 6,075 (BSF) and 3,500 (SF)
• Price per building square foot (PPBSF): $691
• Price per square foot (PPSF): $1,200

The buyer of the property is Seth Romarick, while Jaime Meline acted as the seller. The lot size is 2,500 square feet, with dimensions of 25 feet by 100 feet. The property falls under tax class 1 and has a floor area ratio (FAR) of 1.40. Additionally, an alteration permit was issued on July 10, 2001, indicating previous modifications to the property were made.