Joseph Meisels Acquires Multifamily Property In Borough Park, Brooklyn For $3.8M

The multifamily property located at 1732 57th Street in Borough Park, Brooklyn was recently sold in a closed transaction. The property, with a total square footage of 4,382, is zoned as R5 and has a lot size of 2,705. The sales price for this property was $3,789,500, resulting in a price per square footage of $864. The building has a building square footage of 3,381, with a price per building square footage of $1,120. The property has a floor area ratio (FAR) of 1.62 and falls under tax class 1.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,789,500
• Address: 1732 57th Street
• Market: Borough Park, Brooklyn
• Zoning: R5

The buyer in this transaction was Joseph Meisels, while the seller was Jason Herskowitz. The property had previously been sold on June 29, 2006, for a price of $1,135,000. An alteration permit was issued on October 22, 2015, for the property. The lot dimensions measure 27 feet by 100.17 feet.