Gerasimos Menegatos Acquires Bay Ridge Property For $3.7M

Located at 2 Harbor Lane in Bay Ridge, Brooklyn, this suburban property is an asset with a lot size of 10,275 square feet and dimensions of 60 ft x 118 ft. The property is zoned as R2, BR and falls under tax class 1. With a floor area ratio (FAR) of 0.29, the property offers ample space for various purposes.

Summary of transaction details

• Property Type: Suburban
• Transaction Amount: $3,700,000
• Buyer: Gerasimos Menegatos
• Seller: James Capulo
• Building Square Feet (BSF): 5,138
• Price per Building Square Foot (PPBSF): $720
• Lot Square Feet (SF): 2,980
• Price per Square Foot (PPSF): $1,241

Gerasimos Menegatos acted as the buyer in this transaction, while James Capulo served as the seller. The deal was finalized on January 18, 2022. The property offers a favorable price per square foot of $1,241 and a price per building square foot of $720. The transaction involved a lot size of 10,275 square feet with dimensions of 60 ft x 118 ft.