Engin Cinar Sahin Acquires Multifamily Property In Park Slope, Brooklyn For $4.3M From Seller Michael J Guerra

The property located at 680 President Street in Park Slope, Brooklyn has been sold in a closed transaction. The multifamily property is classified under zoning R6B and has a lot size of 1,750 square feet with dimensions of 17.5 ft x 100 ft. The transaction took place on August 30, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Buyer: Engin Cinar Sahin
• Seller: Michael J Guerra

The buyer, Engin Cinar Sahin, acquired the property from the seller, Michael J Guerra, for a price of $4,300,000. The building has a total BSF of 3,500 and a price per BSF of $1,228. The total square footage of the property is 3,150, with a price per square foot of $1,365. The FAR (Floor Area Ratio) for the property is 1.80, and it falls under tax class 1.

An alteration permit was issued for the property on March 18, 2015. The transaction represents a significant investment opportunity in the desirable Park Slope neighborhood of Brooklyn.