Benjamin Wei-Bin Hsu Acquires Cobble Hill Multifamily Property For $3.45M

The multifamily property located at 34 Verandah Place in Cobble Hill, Brooklyn has been sold for $3,450,000. The property, with a lot size of 1,742 square feet and dimensions of 24.5 ft x 70.25 ft, features a total square footage of 2,168. The building has a buildable square footage (BSF) of 4,182, resulting in a price per BSF (PPBSF) of $824. The price per square foot (PPSF) for the property is $1,591.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,450,000
• Market: Cobble Hill, Brooklyn
• Zoning: R6
• Buyer: Benjamin Wei-Bin Hsu
• Seller: Andrew Friedman
• Lot Size: 1,742 square feet
• Lot Dimensions: 24.5 ft x 70.25 ft
• BSF: 4,182 square feet
• PPBSF: $824
• SF: 2,168 square feet
• PPSF: $1,591
• FAR: 1.26
• Tax Class: 1

Benjamin Wei-Bin Hsu served as the buyer in this transaction, while Andrew Friedman acted as the seller. The property is zoned as R6 and falls under tax class 1. The lot dimensions are 24.5 ft x 70.25 ft, with a total lot size of 1,742 square feet. The building has a total square footage of 2,168, with a buildable square footage (BSF) of 4,182. With a price per BSF (PPBSF) of $824 and a price per square foot (PPSF) of $1,591, this sale represents a significant transaction in the Cobble Hill market.