Edward G Raffo Acquires Two Family Property In Cobble Hill, Brooklyn For $3.25M

A two-family property located at 20 Verandah Place in Cobble Hill, Brooklyn has been sold in a recent transaction. The property was originally a one-family home and has been converted into a two-family dwelling. It falls under the B3 asset type and is zoned as R6 and LH-1.

Summary of transaction details:

• Property Type: Two Family Converted from One Family (B3)
• Transaction Amount: $3,250,000
• Market: Cobble Hill, Brooklyn
• Buyer: Edward G Raffo
• Seller: Jay B Ringel

The property has a building square footage (BSF) of 2,991 with a price per BSF (PPBSF) of $1,086. The total square footage (SF) is 2,302, with a price per square foot (PPSF) of $1,411. The FAR (Floor Area Ratio) is 1.87, and the tax class is 1.

The lot size of the property is 1,231. The previous sale of the property took place on April 10, 2018, with a sale price of $3,500,000. On April 3, 2019, permits were issued for an alteration of type 1. The lot dimensions are 24.5 ft x 50.25 ft.