Carlos Saavedra Acquires Multifamily Property In Park Slope For $3.1M

The recently closed property transaction in Park Slope, Brooklyn involved a multifamily property located at 470 2nd Street. The property has a total square footage of 3,306 and was sold for a price of $3,075,000. The building has a buildable square footage of 3,800, resulting in a price per buildable square foot of $809. The cost per square foot for the existing structure is $930. The property is zoned as R6B and falls under tax class 2A. The lot size spans across 1,900 square feet and has dimensions of 20 ft x 95 ft.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,075,000
• Buildable Square Footage: 3,800
• Price per Buildable Square Foot: $809
• Total Square Footage: 3,306
• Price per Square Foot: $930
• Zoning: R6B
• Tax Class: 2A
• Lot Size: 1,900 square feet
• Lot Dimension: 20 ft x 95 ft

The buyer in this transaction was Carlos Saavedra, while the seller was Arthur Broder & Barbara E. Broder. The deal also involved obtaining an alteration CO permit on May 27, 2022. The transaction had a floor area ratio (FAR) of 1.74, ensuring the property met the necessary zoning requirements.