Samuel Palace Acquires Apartment Building In Crown Heights, Brooklyn For $4.9M

The property located at 1314 Eastern Parkway in Crown Heights, Brooklyn has been sold. The apartment building has a total square footage of 11,073, with a price per square foot of $440. The building has a buildable square footage of 10,894, with a price per buildable square foot of $447. The transaction took place on March 1, 2022, and the buyer is Samuel Palace, while the seller is Isaac Abraham. The property was sold for a total price of $4,875,000. The lot size is 4,483 square feet, with dimensions of 39 ft x 108 ft. The property is classified as a 2B tax class and has a floor area ratio (FAR) of 2.47. The last recorded sale of the property was for $5,000,000 on November 29, 2016, and there was an alteration permit issued on December 26, 2012.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $4,875,000
• Market: Crown Heights, Brooklyn
• Zoning: R6
• Buyer: Samuel Palace
• Seller: Isaac Abraham
• Building Square Footage: 11,073
• Price per Square Foot: $440
• Buildable Square Footage: 10,894
• Price per Buildable Square Foot: $447
• Lot Size: 4,483 square feet
• Tax Class: 2B
• Floor Area Ratio (FAR): 2.47
• Last Sale Price: $5,000,000 (11/29/2016)
• Permits: Alteration 2 (12/26/2012)
• Lot Dimensions: 39 ft x 108 ft

Note: No additional details were provided regarding the property.