Seth Schwartz Acquires Multifamily Property On Sackett Street In Carroll Gardens, Brooklyn

The multifamily property located at 414 Sackett Street in Carroll Gardens, Brooklyn was sold on August 30, 2022. The property has a zoning classification of R6B and is situated on a lot with dimensions of 16.5 ft x 90 ft, totaling 1,485 square feet in size. The building has a total square footage (BSF) of 2,970, with a price per square foot (PPSF) of $1,151. The sale price for the property was $3,420,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,420,000
• Market: Carroll Gardens, Brooklyn
• Zoning: R6B

The buyer of the property is Seth Schwartz, while the seller is Peter Papamichael. The previous sale of the property occurred on November 12, 2013, for a price of $2,500,000. An alteration permit was obtained on February 28, 2014.

It is worth noting that the property has a floor area ratio (FAR) of 1.49 and is classified as tax class 1.