Juda Srour Acquires Multifamily Property In Homecrest For $5.4M

The multifamily property located at 2057 Ocean Parkway in the Homecrest neighborhood has been sold for $5,400,000. The property has a total square footage of 6,100 and a price per square foot of $885. The building has a buildable square footage of 6,250, resulting in a price per buildable square foot of $864. The property is zoned as R5, OP and has a floor area ratio (FAR) of 1.22. The property falls under tax class 1.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,400,000
• Address: 2057 Ocean Parkway
• Market: Homecrest
• Square Footage: 6,100
• Price per Square Foot: $885
• Buildable Square Footage: 6,250
• Price per Buildable Square Foot: $864
• Zoning: R5, OP
• Floor Area Ratio (FAR): 1.22
• Tax Class: 1

The buyer of the property is Juda Srour, represented by their broker Elie D Zeitoune. No additional information is available regarding the seller or any other parties involved in the transaction.