Simon Lieber Acquires Multi Family Property In Briarwood, Queens For $20.25M

The multi-family property located at 84-42 Smedley Street in Briarwood, Queens has been sold. The transaction took place on December 7, 2021. The property is zoned as R6A, making it suitable for multi-family use. The buyer of the property is Simon Lieber, while the seller is Jack Shaoul.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $20,250,000
• Address: 84-42 Smedley Street, Briarwood, Queens
• Market: Briarwood, Queens
• Asset Type: Multi Family
• Zoning: R6A

The property has a building square footage (BSF) of 36,162 and a price per building square footage (PPBSF) of $560. The total square footage (SF) of the property is 39,898, with a price per square footage (PPSF) of $508. The floor area ratio (FAR) is 3.31, and the property is classified under tax class 2.

The lot size of the property is 12,054 square feet, with dimensions of 90 feet by 180 feet. The previous sale of the property occurred on July 8, 2008, with a sale price of $4,000,000.