Joel Kahan Acquires Multifamily Property For $3.7M In Borough Park, Brooklyn

The multifamily property located at 1641 53rd Street in Borough Park, Brooklyn was recently sold in a closed transaction. The property is zoned R5 and has a total square footage of 7,250. The building has a building square footage (BSF) of 4,925 and a price per building square footage (PPBSF) of $751. The sale price for the property was $3,700,000, resulting in a price per square foot (PPSF) of $510.34. The lot size is 3,940 and the lot dimensions are 39.33 ft x 100.17 ft.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,700,000
• Market: Borough Park, Brooklyn
• Zoning: R5
• BSF: 4,925
• PPBSF: $751
• SF: 7,250
• PPSF: $510.34
• Lot Size: 3,940
• Lot Dimensions: 39.33 ft x 100.17 ft

The buyer involved in this transaction is Joel Kahan, while the seller is David Schneck.