Vincent Polidoro Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $4.2M

A multifamily asset located at 244 Putnam Avenue in Bedford-Stuyvesant, Brooklyn has been sold for $4,200,000. The property is zoned as R6B and has a total square footage of 3,880. The building has a buildable square footage (BSF) of 4,000 and a price per buildable square foot (PPBSF) of $1,050. The price per square foot (PPSF) for the property is $1,082. The property has a floor area ratio (FAR) of 1.94, and it falls under tax class 1. The lot size is 2,000 square feet, with dimensions of 20 ft x 100 ft. The previous sale of the property took place on April 25, 2019, for a price of $1,365,000. An alteration permit was issued on June 28, 2019.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Address: 244 Putnam Avenue, Bedford-Stuyvesant, Brooklyn
• Market: Bedford-Stuyvesant, Brooklyn
• Zoning: R6B
• Buyer: Vincent Polidoro
• Seller: Alexander Kotz
• Buildable Square Footage (BSF): 4,000
• Price per Buildable Square Foot (PPBSF): $1,050
• Total Square Footage (SF): 3,880
• Price per Square Foot (PPSF): $1,082
• Floor Area Ratio (FAR): 1.94
• Tax Class: 1
• Lot Size: 2,000 square feet
• Last Sale Price: $1,365,000 (April 25, 2019)
• Permits: Alteration 1 (June 28, 2019)
• Lot Dimension: 20 ft x 100 ft

Vincent Polidoro represented the buyer in this transaction, while Alexander Kotz represented the seller.