Carter Martin Acquires Apartment Building On Madison Street In Bedford-Stuyvesant

The property involved in this closed transaction is an apartment located at 242 Madison Street in the Bedford-Stuyvesant neighborhood of Brooklyn. The property has a zoning classification of R6B and is situated on a lot measuring 2,842 square feet with dimensions of 28.42 feet by 100 feet.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $6,000,000
• Market: Bedford-Stuyvesant, Brooklyn
• Buyer: Carter Martin
• Seller: Benzion Morgenstern
• Sale Date: 03/29/2022
• Building Square Footage (BSF): 5,684
• Price Per Building Square Foot (PPBSF): $1,055
• Total Square Footage (SF): 9,492
• Price Per Square Foot (PPSF): $632
• Floor Area Ratio (FAR): 3.34
• Tax Class: 2B
• Last Sale Price: $1,250,000 (06/28/2012)
• Permits: Alteration 2 (01/27/2012)

The buyer in this transaction is Carter Martin, while the seller is Benzion Morgenstern. The property was sold for $6,000,000 on 03/29/2022. The building has a total square footage of 9,492, with a price per square foot of $632. The floor area ratio (FAR) is 3.34, and the tax class is 2B. The property's last sale took place on 06/28/2012 for a price of $1,250,000. An alteration permit for the property was issued on 01/27/2012.