Pincus Schwimmer Acquires Multifamily Property On East 49th Street, Brooklyn For $3.73M

A multifamily property located at 374 East 49th Street in East Flatbush, Brooklyn, has been sold for a price of $3,730,000. The property has a building square footage (BSF) of 12,500, with a price per BSF (PPBSF) of $298. The total square footage (SF) of the property is 30,600, with a price per SF (PPSF) of $121. The property is zoned as R5 and has a floor area ratio (FAR) of 3.06. The tax class of the property is 2. The lot size is 10,000 square feet, with dimensions of 100 ft x 100 ft. The property underwent an alteration type 2 permit on October 15, 2014.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,730,000
• Buyer: Pincus Schwimmer
• Seller: Christopher Swan
• Market: East Flatbush, Brooklyn

Pincus Schwimmer represented the buyer in this transaction. There is no additional information available about the involvement of any other parties in this deal.