Carter Martin Acquires Multifamily Property On Cornelia Street In Bushwick For $3.7M

315 Cornelia Street, located in Bushwick, Brooklyn, has been sold in a multifamily property transaction. The property, with a total square footage of 4,300, was sold for a price of $3,693,576. The price per square foot for this transaction was $858. The building has a buildable square footage (BSF) of 4,860, resulting in a price per buildable square foot (PPBSF) of $370. The lot size is 2,000 square feet, with dimensions of 20 ft x 100 ft. The property is zoned as R6, allowing for multifamily use.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,693,576
• Market: Bushwick, Brooklyn
• Zoning: R6
• Square Footage: 4,300
• Price per Square Foot: $858
• Buildable Square Footage (BSF): 4,860
• Price per Buildable Square Foot (PPBSF): $370
• Lot Size: 2,000 square feet
• Lot Dimension: 20 ft x 100 ft

The buyer for this transaction is Carter Martin, and the seller is RoseMary Hayden. The property was sold under tax class 2A and has a floor area ratio (FAR) of 2.15. An alteration permit was issued for the property on August 3, 2018.