Mark Egerman Acquires Multifamily Property On St Johns Place In Park Slope, Brooklyn For $5.6M

A multifamily property located at 181 St Johns Place in Park Slope, Brooklyn was recently sold for $5,600,000. The property has a total building size of 6,000 square feet with a price per square foot of $933. The lot size is 2,000 square feet with dimensions of 20 ft x 100 ft. The sale took place on September 7, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,600,000
• Address: 181 St Johns Place
• Market: Park Slope, Brooklyn
• Zoning: R7B
• Buyer: Mark Egerman
• Seller: Rita London Sagalyn
• Price per Square Foot: $933
• Square Footage: 6,000
• Tax Class: 1
• Lot Size: 2,000
• Lot Dimension: 20 ft x 100 ft

Mark Egerman acted as the buyer in this transaction, while Rita London Sagalyn served as the seller. The property has a floor area ratio (FAR) of 1.87, indicating its development potential. The transaction falls under tax class 1, which is typically applied to residential properties. This sale represents a significant investment opportunity in the thriving Park Slope, Brooklyn market.