Ethan N. Waxman Acquires Multifamily Property On President Street In Park Slope For $6.2M

The multifamily property located at 828 President Street in Park Slope, Brooklyn has been sold for a price of $6,200,000. The property is zoned for a mix of residential and commercial use with the zoning designations of R7B, R6A, and C1-4. The building has a floor area ratio (FAR) of 1.53 and a tax class of 1. The lot size is 2,050 square feet, with dimensions of 20.5 feet by 100 feet. The property has a building square footage (BSF) of 6,150, resulting in a price per BSF of $1,008. The total square footage (SF) of the property is 3,136, with a price per SF of $1,977. The previous sale of the property took place on November 1, 2007, for a price of $2,318,012. An alteration permit was issued for the property on February 25, 2009.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,200,000
• Market: Park Slope, Brooklyn
• Zoning: R7B, R6A, C1-4
• FAR: 1.53
• Tax Class: 1
• Lot Size: 2,050 SF
• BSF: 6,150
• Price per BSF: $1,008
• SF: 3,136
• Price per SF: $1,977
• Last Sale Price: $2,318,012 (11/01/2007)
• Permits: Alteration 1 (02/25/2009)
• Lot Dimension: 20.5 ft x 100 ft

Ethan N. Waxman represented the buyer in this transaction, while Michael Clark acted as the seller. The property's sale marks a significant transaction in the Park Slope, Brooklyn market.