Shiya Labin Acquires Apartment Building In Crown Heights, Brooklyn For $24M

The property involved in this closed transaction is an apartment located at 796 Sterling Place in the Crown Heights neighborhood of Brooklyn. The property's zoning is R6A and R6B, indicating its residential use. The transaction took place on August 9, 2022.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $24,000,000
• Address: 796 Sterling Place
• Market: Crown Heights, Brooklyn

The buyer in this transaction is Shiya Labin, while the seller is Alfred Thompson. The property was sold for a price of $24,000,000. The building has a total building square footage (BSF) of 81,747, with a price per BSF of $293. Additionally, the lot has a square footage (SF) of 61,583, with a price per SF of $389.

The property's floor-to-area ratio (FAR) is 2.26, and it falls under tax class 2. The lot size is 27,249 square feet. The last sale of the property occurred on March 15, 2007, for a price of $4,650,000. Alteration 2 permits were issued on May 5, 2015. The lot has dimensions of 150 feet by 155.58 feet.