Adam Cole Acquires Multifamily Property On Vanderbilt Avenue In Prospect Heights For $3.8M

The multifamily property located at 584 Vanderbilt Avenue in Prospect Heights, Brooklyn has been sold in a closed transaction. The property, which has a zoning designation of R7A and C1-4, was sold for a price of $3,800,000. The building has a total square footage of 7,600 and a price per square foot of $500. The lot size is 1,900 and the lot dimensions are 19 ft x 100 ft. The property falls under tax class 2A and has a floor area ratio (FAR) of 2.00. Permits for alterations were issued on January 30, 2014.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,800,000
• Market: Prospect Heights, Brooklyn
• Zoning: R7A, C1-4
• BUYER: Adam Cole
• SELLER: John Sheerah
• BSF: 7,600
• PPBSF: $500
• SF: 3,800
• PPSF: $1,000
• Tax Class: 2A
• LOT SIZE: 1,900
• PERMITS: Alteration 2 (01/30/2014)
• LOT DIMENSION: 19 ft x 100 ft

The buyer in this transaction is Adam Cole, while the seller is John Sheerah.