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

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.