Michael Manouhkis Acquires Apartment Building In Bay Ridge, Brooklyn For $5.7M

The apartment building located at 571 Ovington Avenue in Bay Ridge, Brooklyn has been sold. The property is zoned as R4-1, R5B, BR, and has an area of 27,540 square feet. The buyer, Michael Manouhkis, purchased the building from John Vorvolakos for a price of $5,700,000. The building has a building square footage (BSF) of 6,750 and a price per building square footage (PPBSF) of $844. The price per square foot (PPSF) for the property is $206. The property has a floor area ratio (FAR) of 3.06 and falls under tax class 2. The lot size is 9,000 square feet with dimensions of 71.42 ft x 126 ft.

Summary of transation details

• Property Type: Apartment Building
• Transaction Amount: $5,700,000
• Address: 571 Ovington Avenue, Bay Ridge, Brooklyn
• Market: Bay Ridge, Brooklyn
• Zoning: R4-1, R5B, BR
• Buyer: Michael Manouhkis
• Seller: John Vorvolakos
• BSF: 6,750
• PPBSF: $844
• SF: 27,540
• PPSF: $206
• FAR: 3.06
• Tax Class: 2
• Lot Size: 9,000
• Lot Dimensions: 71.42 ft x 126 ft

Michael Manouhkis represented himself as the buyer in this transaction, while John Vorvolakos acted as the seller. The deal marks the successful transfer of ownership for the apartment building at 571 Ovington Avenue in Bay Ridge, Brooklyn.