Andrew Flockhart Acquires Multifamily Property In Prospect Heights, Brooklyn For $6.39M

The multifamily property located at 345 Park Place in Prospect Heights, Brooklyn has been sold in a closed transaction. The property is zoned as R6B and has a lot size of 2,300 square feet. The building has a total square footage of 4,117 and a building square footage (BSF) of 4,600, resulting in a price per square foot (PPSF) of $1,552. The transaction took place on April 29, 2022, and the property was purchased by Andrew Flockhart from Kutlu Ertan for a total price of $6,390,000. The previous sale of the property occurred on April 15, 2010, for a price of $1,925,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,390,000
• Market: Prospect Heights, Brooklyn
• Zoning: R6B
• Building Square Footage (BSF): 4,600
• Price per Building Square Foot (PPBSF): $1,389
• Total Square Footage: 4,117
• Price per Square Foot (PPSF): $1,552
• Floor Area Ratio (FAR): 1.79
• Tax Class: 1
• Lot Size: 2,300 square feet
• Last Sale Price: $1,925,000 (04/15/2010)
• Permits: Alteration 2 (06/12/2014)
• Lot Dimension: 23 ft x 100 ft

Andrew Flockhart acted as the buyer in the transaction, while Kutlu Ertan served as the seller. The deal was brokered by 's REP representing the seller and 's REP representing the buyer.