William D Farmer Acquires Multifamily Property On Fulton Street In Fort Greene For $4M

The multifamily property located at 775 Fulton Street in Fort Greene has been sold. The transaction took place on November 3, 2021, with a sale price of $4,000,000. The property has a building square footage (BSF) of 5,744, resulting in a price per BSF of $696. The total land square footage (SF) is 2,800, with a price per SF of $1,428. The property's floor area ratio (FAR) is 1.95 and falls under tax class 2A. The lot size is 1,436, and it obtained an alteration 2 permit on May 7, 2014. The lot dimensions are 20 feet by 67.5 feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Market: Fort Greene
• Zoning: R7A, C2-4
• Buyer: William D Farmer
• Seller: Robert H Ashmead

William D Farmer acted as the buyer in this transaction, while Robert H Ashmead served as the seller. The property, with its desirable location and zoning status, attracted a purchase price of $4,000,000. The deal involved a multifamily asset with a BSF of 5,744 and an SF of 2,800. These characteristics, combined with the lot's dimensions of 20 feet by 67.5 feet, contributed to the attractive price per BSF and SF. Additionally, the property's FAR of 1.95 and tax class 2A designation further enhanced its value.