Kanchan Koya Acquires Multifamily Property On Hancock Street For $3.3M

A multifamily property located at 327 Hancock Street in Bedford-Stuyvesant, Brooklyn has been sold. The property has a zoning designation of R6B and consists of a building with a total square footage (BSF) of 3,600. The sale price for the property was $3,325,000, resulting in a price per square foot (PPSF) of $923. The lot size is 1,800 with dimensions of 18 ft x 100 ft. The property has a floor area ratio (FAR) of 1.80 and is classified under tax class 1. The property was subject to an alteration permit on June 26, 2019.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,325,000
• Market: Bedford-Stuyvesant, Brooklyn
• Zoning: R6B
• BSF: 3,600
• PPSF: $923
• SF: 3,240
• Tax Class: 1
• Lot Size: 1,800
• Permits: Alteration 1 (06/26/2019)
• Lot Dimension: 18 ft x 100 ft

The buyer of the property is Kanchan Koya, while the seller is Sasson Mahgerefteh.