A multifamily property located at 466 Midwood Street in Crown Heights has been sold for $1,600,000. The property has a total square footage of 1,600, with a price per square foot of $1,000. It consists of 2 units, with each unit valued at approximately $800,000. The lot size is 4,000 square feet, with dimensions of 40 feet by 100 feet. The property is zoned as R6, with a floor area ratio (FAR) of 0.40. The tax classification for this property is 1.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,600,000
• BSF: 9,720
• Price Per BSF: $164
• Price Per Square Foot: $1,000
• Units: 2
• Price Per Unit: $800,000
• Lot Size: 4,000 square feet
• Lot Dimensions: 40 ft x 100 ft
• Zoning: R6
• Tax Class: 1

The transaction was facilitated by Lee Wasserman from Bergen Basin Realty. Wasserman served as the broker for this deal.