Shilvi Shah Acquires Multifamily Property In Brooklyn Heights For $3.85M

The multifamily property located at 9 Willow Street in Brooklyn Heights, Brooklyn has been sold. The transaction took place on March 30, 2022, with the buyer being Shilvi Shah and the seller being Felix Shipkevich. The property is zoned as R6, LH-1 and offers a total of 4,158 square feet of buildable area. The price for the property was $3,850,000, resulting in a price per buildable square foot of $925. The total lot size is 1,711 square feet, with dimensions of 29.58 ft x 91.92 ft. The property was previously sold on May 22, 2014, for a price of $2,700,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,850,000
• Market: Brooklyn Heights, Brooklyn
• Zoning: R6, LH-1
• Buyer: Shilvi Shah
• Seller: Felix Shipkevich
• Buildable Square Feet: 4,158
• Price per Buildable Square Foot: $925
• Square Footage: 2,566
• Price per Square Foot: $1,500
• Lot Size: 1,711 square feet
• Last Sale Price: $2,700,000 (05/22/2014)
• Lot Dimension: 29.58 ft x 91.92 ft

Shilvi Shah acted as the buyer in this transaction, while Felix Shipkevich was the seller. The property's market value in Brooklyn Heights, Brooklyn makes it a desirable investment. With a lot size of 1,711 square feet, the property has a strategic location in the neighborhood. The transaction price of $3,850,000 reflects the value of the property.