Greenbrook THR Owner II Acquires Multifamily Property On Hart Street In Bushwick For $3.99M

A multifamily property located at 707 Hart Street in Bushwick has been sold in a recent transaction. The property is zoned as R6 and has a lot size of 2,500 square feet. The building has a total square footage of 5,575 and a buildable square footage of 6,075. The property was sold for a sale price of $3,990,000, with an asking price of $4,000,000. The price per square foot for the property is $715, and the price per buildable square foot is $656. The previous sale of the property took place on June 19, 2014, for a price of $1,000,000. A permit for alteration type 1 was issued on April 28, 2015. The dimensions of the lot are 25 ft x 100 ft.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,990,000
• Market: Bushwick
• Buyer: Greenbrook THR Owner II
• Seller: 707 Hart
• Broker: Ari Harkov - HarkovLewisTeam

Ari Harkov from HarkovLewisTeam represented the buyer, Greenbrook THR Owner II, in this transaction. The property has a floor area ratio (FAR) of 2.23 and is classified under tax class 2B.