Walter Catesby Perrin III Acquires Multifamily Property On South Elliott Place For $5.03M

A multifamily property located at 65 South Elliott Place in the SFR market has been sold for $5,030,000. The property, with a lot size of 2,000 square feet and a FAR of 1.88, is zoned R6B and falls under tax class 1. The building has a total square footage of 3,760, with a building square footage (BSF) of 4,000. The price per building square footage (PPBSF) is $1,257, and the price per square foot (PPSF) is $1,337. The last recorded sale of this property was on March 23, 2011, for $869,000. It underwent an alteration permit on May 11, 2012.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,030,000
• Address: 65 South Elliott Place
• Market: SFR
• Zoning: R6B
• Lot Size: 2,000 square feet
• Building Square Footage (BSF): 4,000
• Price per Building Square Footage (PPBSF): $1,257
• Total Square Footage (SF): 3,760
• Price per Square Foot (PPSF): $1,337
• FAR: 1.88
• Tax Class: 1
• Last Sale Price: $869,000 (recorded on March 23, 2011)
• Permits: Alteration 1 (issued on May 11, 2012)

The buyer in this transaction is Walter Catesby Perrin III, and the seller is Matthew Rosenzweig. The deal was facilitated by Paul Murphy from Compass.