Prashanth Mekala Acquires Multifamily Property In Prospect Heights, Brooklyn For $3.2M

The multifamily property located at 155 Underhill Avenue in Prospect Heights, Brooklyn has been sold in a closed transaction. The property is zoned as R6B and has a lot size of 1,680 square feet, with dimensions of 18.67 ft x 90 ft. The building has a total square footage of 3,528, with a buildable square footage of 3,360. The sale price for this transaction was $3,200,000, resulting in a price per square foot of $907. The price per buildable square foot is $952. The property has a floor area ratio (FAR) of 2.10 and is classified under tax class 1.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Market: Prospect Heights, Brooklyn
• Zoning: R6B

Prashanth Mekala purchased the property from Matt Meyer & Phyllis Stauffer. They represented themselves in this transaction without the involvement of any brokers.