Craig Phares Acquires Multifamily Property On 150 Bergen Street In Boerum Hill, Brooklyn

A multifamily property located at 150 Bergen Street in Boerum Hill, Brooklyn was recently sold. The property has a zoning designation of R6B and sits on a lot size of 2,500 square feet. The building has a total square footage of 5,000, with a price per square foot of $1,580. The total sale price for the property was $7,900,000, with a price per square foot of $3,038. The previous sale of the property took place on March 10, 2016, at a price of $3,250,000. An alteration permit was issued for the property on September 20, 2016.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,900,000
• Market: Boerum Hill, Brooklyn
• Buyer: Craig Phares
• Seller: Michelle N Neal
• Building Square Footage: 5,000
• Price per Square Foot: $1,580
• Lot Size: 2,500 square feet
• Last Sale Price: $3,250,000
• Last Sale Date: March 10, 2016
• Permits: Alteration 1 (issued on September 20, 2016)

Craig Phares acted as the buyer in this transaction, while Michelle N Neal represented the seller. The property has a floor area ratio (FAR) of 1.04 and falls under the tax class 2A category. The lot dimensions are 25 feet by 100 feet.