Isaac Kassab Acquires Multifamily Property In Gravesend, Brooklyn For $4.5M

The multifamily property located at 1992 East 2 Street in Gravesend, Brooklyn has been sold. This property, zoned R4 and OP, boasts a lot size of 3,000 square feet, with dimensions measuring 30 feet by 100 feet. The transaction took place on January 14, 2022, and the property's market value is $4,500,000. It has a building square footage (BSF) of 2,250, equating to a price per BSF (PPBSF) of $2,000. The total square footage is 3,060, resulting in a price per square foot (PPSF) of $1,470. The floor area ratio (FAR) for this property is 1.02, and it falls under tax class 1.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Address: 1992 East 2 Street, Gravesend, Brooklyn
• Market: Gravesend, Brooklyn
• Zoning: R4, OP
• BSF: 2,250
• PPBSF: $2,000
• SF: 3,060
• PPSF: $1,470
• FAR: 1.02
• Tax Class: 1
• Lot Size: 3,000
• Lot Dimension: 30 ft x 100 ft

The buyer for this transaction is Isaac Kassab, while the sellers are Habib Tawil and Lily Tawil.