Mendel Kaff Acquires Multifamily Property On 781 Washington Avenue In Crown Heights For $22M

A multifamily property located at 781 Washington Avenue in Crown Heights has been sold for $22,000,000. The property has a total building square footage (BSF) of 136,500, with a price per BSF (PPBSF) of $161. The total lot size is 34,125 square feet, with dimensions measuring 141.25 ft x 226.33 ft. The property consists of 63 units, with a price per unit (PPU) of $349,206. The zoning for the property is R7A and C1-4, and the floor area ratio (FAR) is 1.40. The transaction took place on 06/09/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $22,000,000
• Market: Crown Heights
• Address: 781 Washington Avenue
• Buyer: Mendel Kaff
• Seller: Douglas Rosenberg
• BSF: 136,500
• PPBSF: $161
• SF: 47,775
• PPSF: $460
• Units: 63
• PPU: $349,206
• Zoning: R7A, C1-4
• FAR: 1.40
• Tax Class: 2
• Lot Size: 34,125
• Permits: Alteration type 3 (05/21/2018)
• Lot Dimensions: 141.25 ft x 226.33 ft

Mendel Kaff represented the buyer, and Douglas Rosenberg represented the seller in this transaction. The property previously underwent alteration type 3 permits in May 2018. The transaction represents a significant sale in the Crown Heights market, showcasing the demand for multifamily properties in the area.