16th Street Holdings LLC Acquires Property At 395 16th St Brooklyn For $1.95M With Brokers IPRG

The property asset involved in this transaction is a three-apartment multifamily property located at 395 16th St, Brooklyn, NY 11215. It was sold for $1,950,000. The property spans 2,850 square feet and is priced at $684 per square foot. The dimensions of the property are 19 ft by 50 ft, with a lot size of 19 ft by 100 ft. It is zoned R6B with an FAR of 2.0 and falls under tax class 1.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,950,000.00
• Address: 395 16th St, Brooklyn, NY, 11215
• Market: Brooklyn
• Buyer: 16th Street Holdings LLC
• Seller: 395 16th St LLC
• Square Footage: 2,850
• Price Per Square Foot: $684
• Dimensions: 19 ft by 50 ft
• Lot Dimensions: 19 ft by 100 ft
• Zoning: R6B
• FAR: 2.0
• Tax Class: 1

The key individuals involved in this transaction include the buyer's representatives, Daniel Shawah from Investment Property Realty Group "IPRG" and Gabriel Kates from Block Real Estate Group. The broker representing the transaction is Luke Sproviero from Investment Property Realty Group "IPRG". The closing of this transaction was facilitated by Derek Bestreich, Adam Lobel, and Toby Waring, along with the aforementioned brokers.