Stephen Simonov Acquires Multifamily Property In Boerum Hill For $5.27M

A multifamily property located at 385 Atlantic Avenue in Boerum Hill has been sold for $5,270,000. The property has a building square footage (BSF) of 7,148 and a price per BSF (PPBSF) of $737. The total square footage (SF) of the property is 4,217, with a price per square foot (PPSF) of $1,249. The property is zoned R7A, DB, C2-4 and has a floor area ratio (FAR) of 2.36. The tax class of the property is 2A and it has a lot size of 1,787 square feet. The previous sale price of the property was $1,325,000 in February 3, 2005. The property has received an alteration permit on April 30, 2015, marked as Alteration 2. The lot dimensions are 22.33 feet by 80 feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,270,000
• Market: Boerum Hill
• Zoning: R7A, DB, C2-4

Stephen Simonov has purchased the property from Barbara Moore. The transaction was facilitated by the brokers Josh Doyle, Jeremiah Doyle, Mary Ellen Cashman, and Leslie Davidson from Compass.