Pervez A Siddiqui Acquires Multifamily Property In Brighton Beach, Brooklyn For $3.2M

The multifamily property located at 3160 Coney Island Ave in Brighton Beach, Brooklyn has been sold for a price of $3,200,000. The property has a building square footage (BSF) of 9,040 and a price per BSF of $353. The total square footage (SF) of the property is 12,164, with a price per SF of $263. The lot size is 3,720 square feet, and the lot dimensions are 40 feet by 93 feet. The property has a floor area ratio (FAR) of 3.27 and falls under tax class 2. The permits for alteration were obtained on October 18, 2016.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Market: Brighton Beach, Brooklyn
• Zoning: R6, C1-2, OP
• Buyer: Pervez A Siddiqui
• Seller: Mahmood Hussain

Pervez A Siddiqui acted as the buyer in this transaction, while Mahmood Hussain acted as the seller. The property attracted buyers due to its desirable location in Brighton Beach, Brooklyn. The transaction represents a significant investment in the area, contributing to the overall real estate market in Brighton Beach.