Vincent Theurer Acquires Apartment Building In Bay Ridge, Brooklyn For $3.775M

The apartment building located at 8116 Ridge Boulevard in Bay Ridge, Brooklyn has been sold. The transaction took place on February 23, 2022. The property is zoned as R2 and BR, indicating its use as an apartment building. It sits on a lot size of 10,933 square feet with dimensions of 109.33 ft x 100 ft. The building has a total square footage of 16,946.

Summary of transaction details

• Property Type: Apartment Building
• Transaction Amount: $3,775,000
• Buyer: Vincent Theurer
• Seller: Susan Iannelli
• Market: Bay Ridge, Brooklyn

The buyer in this transaction is Vincent Theurer, represented by his broker Susan Iannelli. The seller is Susan Iannelli herself. The building has a total buildable square footage (BSF) of 5,466, resulting in a price per buildable square footage (PPBSF) of $690. The price per square footage (PPSF) for the entire property is $222. The floor area ratio (FAR) for the property is 1.55, and its tax class is 2.

An alteration permit was issued on May 21, 1992, allowing for modifications to the property. These details provide a comprehensive overview of the transaction and the property involved.