Daniel Rokach Acquires Multifamily Property In Borough Park, Brooklyn For $4.6M

A multifamily property located at 1634 47th Street in Borough Park, Brooklyn has been sold. The property, which sits on a lot size of 4,007 square feet with dimensions of 40 feet by 100.17 feet, is zoned as R5. The sale took place on September 29, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,600,000
• Building Square Footage: 5,009
• Price per Square Foot: $918
• Lot Size: 4,007 square feet
• Market: Borough Park, Brooklyn
• Buyer: Daniel Rokach
• Seller: Yitzchok Spiegel
• Price per Square Foot: $601
• Market: Borough Park, Brooklyn
• Floor Area Ratio (FAR): 1.91
• Tax Class: 1

The buyer of the property is Daniel Rokach. On the other hand, Yitzchok Spiegel is the seller. The property was purchased for a total price of $4,600,000, with a building size of 5,009 square feet. The price per square foot for this transaction is $918. The lot size is 4,007 square feet, with dimensions of 40 feet by 100.17 feet. The property is zoned as R5, indicating its use for multifamily purposes. The transaction is classified under tax class 1 and has a FAR (Floor Area Ratio) of 1.91.