Nathan Accad Acquires Office In Midwood, Brooklyn From Soon Lee For $3.8M

The property involved in this transaction is an office located at 1636 East 14 Street in the Midwood neighborhood of Brooklyn. It has a lot size of 8,000 square feet and is zoned as R5B. The building has a total square footage of 13,920 and a building square footage (BSF) of 10,800. The price of the property was $3,800,000, resulting in a price per building square footage (PPSF) of $352 and a price per square foot (PPSF) of $273. The property has a floor area ratio (FAR) of 1.74 and tax class 4. The last recorded sale of the property was on September 22, 2016, for $4,800,000. The lot dimensions are 80 feet by 100 feet.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $3,800,000
• Address: 1636 East 14 Street, Midwood, Brooklyn
• Market: Midwood, Brooklyn
• Zoning: R5B
• Lot Size: 8,000 square feet
• Building Square Footage (BSF): 10,800
• Price per Building Square Footage (PPSF): $352
• Total Square Footage: 13,920
• Price per Square Foot (PPSF): $273
• Floor Area Ratio (FAR): 1.74
• Tax Class: 4
• Last Sale Price: $4,800,000 (September 22, 2016)
• Lot Dimensions: 80 ft x 100 ft

The buyer of the property is Nathan Accad, and the seller is Soon Lee.