Gregory Karl Raiten Acquires Multifamily Property In Park Slope, Brooklyn For $4.47M

A multifamily property located at 523 3 Street in Park Slope, Brooklyn has been sold in a closed transaction. The property is zoned as R6B and consists of a lot size of 1,900 square feet with a building square footage of 3,800. The property has a floor area ratio (FAR) of 2.08 and is classified as tax class 1. The last recorded sale of the property was on December 15, 2003, for a price of $1,725,000. An alteration permit was issued for the property on April 2, 2008. The lot dimensions are 20 feet by 95 feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,475,000
• Price per Building Square Foot: $1,177
• Price per Square Foot: $1,130
• Buyer: Gregory Karl Raiten
• Seller: Robert H Milius
• Broker: Libby Ryan, Joe Ryan, Maria Ryan & Rebecca Kobert - Compass

The buyer of the property is Gregory Karl Raiten, and the seller is Robert H Milius. The transaction was facilitated by brokers Libby Ryan, Joe Ryan, Maria Ryan, and Rebecca Kobert from Compass.