Clemy Jajati Acquires Multifamily Property On Ocean Parkway In Brooklyn For $3.35M

The multifamily property located at 1865 Ocean Parkway in Homecrest, Brooklyn, was recently sold in a closed transaction on June 28, 2022. The property is zoned as R5, OP, allowing for various uses. The sale involved a total price of $3,350,000 and a building square footage (BSF) of 4,298, resulting in a price per BSF (PPBSF) of $779. The property's total square footage (SF) is 2,613, with a price per SF (PPSF) of $1,282. The lot size is 3,438, with dimensions of 27.5 ft x 125 ft.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,350,000
• Market: Homecrest, Brooklyn
• Zoning: R5, OP
• BSF: 4,298
• PPBSF: $779
• SF: 2,613
• PPSF: $1,282
• Tax Class: 1
• Lot Size: 3,438
• Lot Dimension: 27.5 ft x 125 ft

The buyer in this transaction is Clemy Jajati, while the seller is Alan Sasson. The property's floor area ratio (FAR) is 0.76.