Alan Barlis Acquires Multifamily Property On State Street In Boerum Hill, Brooklyn For $3.91M

The multifamily property located at 358 State Street in Boerum Hill, Brooklyn has been sold in a recent transaction. The property is zoned for R6B, R7A, C2-4, and DB, allowing for various uses. The sale took place on July 11, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,910,000
• Address: 358 State Street, Boerum Hill, Brooklyn
• Market: Boerum Hill, Brooklyn
• Buildable Square Footage (BSF): 5,000
• Price per Buildable Square Foot (PPBSF): $782
• Total Square Footage (SF): 3,625
• Price per Square Foot (PPSF): $1,078
• Floor Area Ratio (FAR): 1.45
• Tax Class: 1
• Lot Size: 2,500
• Lot Dimension: 25 ft x 100 ft

The buyer of the property is Alan Barlis, while the seller is Jonathan Kay. The transaction price for the property was $3,910,000, with a buildable square footage of 5,000. The price per buildable square foot was calculated to be $782. The property has a total square footage of 3,625, with a price per square foot value of $1,078. The floor area ratio (FAR) for the property is 1.45, and it falls under tax class 1. The lot size is 2,500 square feet, with dimensions of 25 feet by 100 feet.