Moshe Piller Acquires Elevator Apartment In Gravesend, Brooklyn For $8.15M

The recently closed property transaction in Gravesend, Brooklyn involved an elevator apartment building located at 106 Avenue P. This notable asset is zoned as R7A, providing a favorable development potential. The property boasts a total square footage of 45,600, with a price of $8,150,000. Based on the building's floor area ratio (FAR) of 4.56, it offers a substantial buildable area to maximize its potential. The lot size spans 10,000 square feet, featuring dimensions of 100 feet by 100 feet. Notably, the property underwent an alteration type 2 permit on November 27, 2006, indicating previous modifications.

Summary of transaction details

• Property Type: Elevator Apartment
• Transaction Amount: $8,150,000
• Market: Gravesend, Brooklyn
• Buyer: Moshe Piller
• Seller: Michael Suew
• BSF (Building Square Footage): 40,000
• PPBSF (Price Per Building Square Foot): $203
• PPSF (Price Per Square Foot): $178
• Tax Class: 2

This successful transaction was facilitated by Michael Suew as the seller and Moshe Piller as the buyer. They were the key individuals involved in the deal. The buyer, Moshe Piller, saw the potential in this elevator apartment building and seized the opportunity to acquire the property. On the other hand, Michael Suew acted as the seller's representative in the transaction, ensuring the smooth completion of the deal.