Mark E. Guindi Acquires Multifamily Property On Lafayette Avenue For $3.25M

The property asset involved in this transaction is located at 65 Lafayette Avenue, Fort Greene, Brooklyn, and is classified as a multifamily asset. The sale price for the property was $3,250,000, with a building square footage of 6,400, resulting in a price per building square foot of $507. The property also has a square footage of 3,200, equating to a price per square foot of $1,015. The zoning for the asset is R7A and C2-4, with a floor area ratio (FAR) of 2.00, and it falls under tax class 2A. The lot size measures 1,600 with dimensions of 25.5 ft x 84 ft, and alteration permits were filed for this property on June 14, 2019.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,250,000
• Buyer: Mark E. Guindi
• Seller: Barbara Corcoran
• Building Square Footage: 6,400
• Price per Building Square Foot: $507
• Square Footage: 3,200
• Price per Square Foot: $1,015
• Floor Area Ratio (FAR): 2.00
• Tax Class: 2A
• Lot Size: 1,600
• Lot Dimension: 25.5 ft x 84 ft
• Permits: Alteration 2 (06/14/2019)

The individuals involved in this transaction include Mark E. Guindi, who acted as the buyer, and Barbara Corcoran, the seller of the property. The transaction reflects the interests of both parties in the dynamic Fort Greene market, highlighting a notable exchange in the multifamily sector.