Adam Mermelstein Acquires Multifamily Property In Williamsburg, Brooklyn For $4.8M

The multifamily property located at 356 South 1 Street in Williamsburg, Brooklyn has been sold in a recent transaction. The property is zoned as R6 and C2-3, allowing for various uses. The sale took place on 12/08/2021, with the buyer being Adam Mermelstein and the seller being Lusia Realty Corp., represented by Morris Joseph Knoll.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,810,781
• Address: 356 South 1 Street
• Market: Williamsburg, Brooklyn
• Zoning: R6, C2-3

The property has a building square footage (BSF) of 12,928, with a price per square foot (PPSF) of $372. The total square footage (SF) of the property is 21,386, with a price per square foot (PPSF) of $224. The floor area ratio (FAR) is 4.02, and the property falls under tax class 2.

The lot size of the property is 5,320, and it has dimensions of 56 ft x 95 ft. An alteration 2 permit was issued for the property on 05/20/2014. These details provide a comprehensive overview of the property involved in the transaction.