Mordechai Getz Acquires Multifamily Property In Borough Park, Brooklyn For $3.64M

The multifamily property located at 1711 59 Street in Borough Park, Brooklyn has been sold for a total price of $3,640,000. The property has a building square footage (BSF) of 3,408 and a price per BSF (PPBSF) of $1,068. The total square footage (SF) of the property is 5,261, with a price per square foot (PPSF) of $691. The property is zoned as R5 and falls under tax class 1. The lot size is 2,744 square feet with dimensions of 34 ft x 80.17 ft. The property previously had an alteration permit of type 2, which was issued on 12/31/1996.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,640,000
• Buyer: Mordechai Getz
• Seller: Sarah Lowy
• Market: Borough Park, Brooklyn

Mordechai Getz represented himself as the buyer in this transaction, while Sarah Lowy acted as the seller. The transaction closed on 04/22/2021. The floor area ratio (FAR) for the property is 1.93. The lot dimensions are 34 ft x 80.17 ft.