Darryl Matthew Kan Acquires Multifamily Property On 414 Grand Avenue, Clinton Hill, Brooklyn For $4.03M

In a recent transaction in Clinton Hill, Brooklyn, a multifamily property located at 414 Grand Avenue was sold for a price of $4,028,000. The property has a building square footage (BSF) of 4,200, translating to a price per BSF (PPBSF) of $959. The total lot size is 2,100 square feet and measures 21 feet by 100 feet. The transaction took place on June 2, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,028,000
• Market: Clinton Hill, Brooklyn
• Zoning: R6B
• Buyer: Darryl Matthew Kan
• Seller: James P. Sullivan
• BSF: 4,200
• PPBSF: $959
• SF: 4,200
• PPSF: $959
• FAR: 2.00
• Tax Class: 1
• Lot Size: 2,100
• Lot Dimension: 21 ft x 100 ft

The buyer in this transaction was represented by their broker, Darryl Matthew Kan. The seller, James P. Sullivan, facilitated the sale. In terms of zoning, the property falls under the R6B category. With a floor area ratio (FAR) of 2.00, the property offers potential for additional development. The tax class of the property is 1, indicating its use as a residential property.