Eric Bloomfield Acquires Multifamily Property On 1 Street In Park Slope, Brooklyn

A multifamily property located at 371 1 Street in the Park Slope neighborhood of Brooklyn has been sold in a recent transaction. The property, with a total square footage of 4,017, was purchased for $5,315,000. The buyer, Eric Bloomfield, acquired the property from Daniel Seidenstein. The deal was facilitated by broker Charles Ruoff of Brown Harris Stevens. The property is zoned as R6B, allowing for multifamily use.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,315,000
• Square Footage: 4,017
• Address: 371 1 Street, Park Slope, Brooklyn
• Market: Park Slope, Brooklyn
• Zoning: R6B

This transaction marks a significant milestone for both the buyer and seller. Last sold in May 2017 for $4,875,000, the property has seen a substantial increase in value. The buyer, Eric Bloomfield, recognized the potential of the property in the thriving Park Slope market. Meanwhile, Daniel Seidenstein, the seller, made a profitable exit from the investment. The deal was successfully negotiated with the assistance of Charles Ruoff from Brown Harris Stevens, who ensured a smooth transaction process.

It is worth noting that the property has a floor area ratio (FAR) of 2.06 and falls under tax class 1. The lot size measures 1,950 square feet, with dimensions of 19.5 feet by 100 feet. An alteration permit of type 1 was issued for the property on March 5, 2019, indicating potential renovations or improvements made in recent years.