George Karfunkel Acquires Multifamily Property In Borough Park, Brooklyn For $4.985M

The multifamily property located at 1675 52nd Street in Borough Park, Brooklyn has been sold in a closed transaction. The property, which is zoned as R5, is a 5,409 square feet building with a lot size of 7,512 square feet. It has a floor area ratio (FAR) of 0.75 and a tax classification of 1. The property previously received an alteration permit on June 27, 2012.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,985,000
• Building Square Footage: 9,390
• Price per Building Square Foot (PPBSF): $530
• Price per Square Foot (PPSF): $921
• Buyer: George Karfunkel
• Seller: Nachum Stein

The buyer in this transaction is represented by their broker, George Karfunkel, of an undisclosed agency. Similarly, the seller is represented by Nachum Stein's broker, whose agency is not provided.