Yisroel Brauner Acquires Multifamily Property In Borough Park, Brooklyn For $4.8M

A multifamily property located at 1568 48th Street in Borough Park, Brooklyn, was recently sold for a price of $4,800,000. The property has a building square footage (BSF) of 9,737, resulting in a price per BSF of $492. The total lot size is 4,007 square feet and the building itself spans across 8,375 square feet, with a price per square foot (PPSF) of $573. The property falls under the R6 and C1-3 zoning categories and has a floor area ratio (FAR) of 2.09. It is classified under tax class 1. A previous alteration permit was issued on December 29, 2004, for the property.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Market: Borough Park, Brooklyn
• Zoning: R6, C1-3

The buyer, Yisroel Brauner, acquired the property from the seller, Yisroel Blau.