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Carter Martin Acquires Apartment In Bedford-Stuyvesant, Brooklyn For $5.3M

Property Image
SOLD
$5,325,000
CM
DP

New York

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MultiFamily6,075 SF
Sold 10/11/2022
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Property Image
SOLD

Carter Martin Acquires Apartment In Bedford-Stuyvesant, Brooklyn For $5.3M

820 Marcy Avenue, Brooklyn, New York 11216, United States

See Similar Deals
MultiFamily6,075 SF
Sold 10/11/2022
CM
DP
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$876
Total Square Footage:6,075 SF
Transaction Type:Sale

An apartment building located at 820 Marcy Avenue in Bedford-Stuyvesant, Brooklyn has been sold in a closed transaction. The property, with a lot size of 2,700 square feet, features a total of 6,075 square feet of space. The buyer, Carter Martin, purchased the property from the seller, Dew Popkin, for a total price of $5,325,000.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $5,325,000
  • Market: Bedford-Stuyvesant, Brooklyn
  • Zoning: R6B
  • BSF: 5,400
  • PPBSF: $986
  • SF: 6,075
  • PPSF: $876
  • FAR: 2.25
  • Tax Class: 2A
  • Permits: Alteration 2 (08/16/2019)
  • Lot Dimension: 27 ft x 100 ft

This transaction showcases the successful involvement of both the buyer and seller. Carter Martin, represented by his broker Dew Popkin, acquired the property in a negotiated deal. The details of the transaction highlight the significance of Marcy Avenue as a desirable location for investment in the Bedford-Stuyvesant, Brooklyn market. The property's characteristics, including the size, zoning, and permits, contribute to its appeal and potential for future development.

Players

DP
Drew Popkin
11 deals$78.1M volume
BROKER
DP
Drew Popkin
11 deals$78.1M volume
BROKER
CM
Carlyle Group
Carter Martin
28 deals$146M volume
BUYER

Details

SOLD
IMAGE: 10/11/2022 ADDRESS: 820 Marcy Avenue MARKET: Bedford-Stuyvesant, Brooklyn ASSET TYPE: Apartment ~ ZONING: R6B BUYER: Carter Martin SELLER: Dew Popkin PRICE: $5,325,000 BSF: 5,400 ~ PPBSF: $986 SF: 6,075 ~ PPSF: $876 FAR: 2.25 TAX CLASS: 2A LOT SIZE: 2,700 PERMITS: Alteration 2 (08/16/2019) LOT DIMENSION: 27 ft x 100 ft

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