Benjamin Wells Acquires MultiFamily Property In Williamsburg, Brooklyn For $3.2M

The property located at 72 Devoe Street in Williamsburg, Brooklyn has been sold in a recent transaction. The asset is a MultiFamily property with a total square footage of 2,375. The property is zoned as R6B, allowing for residential use. The sale took place on 02/10/2022, with a transaction price of $3,200,000. The buyer of the property is Benjamin Wells, while the seller is Miki Agrawal.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $3,200,000
• Total Square Footage: 2,375
• Address: 72 Devoe Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Zoning: R6B

The transaction also involved a Building Square Footage (BSF) of 5,000, resulting in a price per BSF of $640. Additionally, the property has a Price per Square Foot (PPSF) of $1,347, based on its square footage of 2,375. The Floor Area Ratio (FAR) is 0.95, indicating the ratio of total built floor area to the lot size. The property is classified under Tax Class 1.

Additional details about the property and transaction include a lot size of 2,500 and permits for an alteration made on 10/10/2012. The lot dimension is 25 ft x 100 ft.