Carter Martin Acquires Apartment In Bedford-Stuyvesant, Brooklyn For $3.95M

Located at 851 Madison Street in the Bedford-Stuyvesant neighborhood of Brooklyn, this apartment property was recently sold in a transaction that closed on October 19, 2022. The property features a lot size of 2,500 square feet with dimensions of 25 ft x 100 ft. It is classified as a tax class 2B property with a floor area ratio (FAR) of 1.95.

Summary of transaction details:

• Property Type: Apartment
• Transaction Amount: $3,950,000
• Buyer: Carter Martin
• Seller: Nadav Ohana
• Building Square Footage (BSF): 5,000
• Price Per BSF: $790
• Total Square Footage (SF): 4,875
• Price Per SF: $810
• Permits: Alteration 2 (03/09/2018)

Carter Martin, represented by their broker, was the buyer in this transaction, while Nadav Ohana, represented by their broker, was the seller. The deal highlights the strong real estate market in Bedford-Stuyvesant, Brooklyn, with the property selling for $3,950,000 at a price of $790 per square foot of building area. The property underwent an alteration permit on March 9, 2018, adding to its appeal and potential.