Jay Gangwal Acquires Midwood Hospital For $22.65M From Theodore M Kakoyiannis

A hospital located at 3417 Kings Highway in Midwood, Brooklyn, has been sold for a price of $22,650,000. The property, with an address of 3417 Kings Highway, has a total square footage of 12,616, and the price per square foot is $1,795. The building has a total of 6,140 buildable square feet, with a price per buildable square foot of $3,689. The lot size is 8,187, with dimensions of 66.08 ft x 100 ft. The property was last sold on April 30, 2014, for a price of $5,640,000. The zoning for the property is R4, and it falls under tax class 4. The floor area ratio (FAR) is 1.54.

Summary of transaction details

• Property Type: Hospital
• Transaction Amount: $22,650,000
• Address: 3417 Kings Highway, Midwood, Brooklyn
• SF: 12,616
• PPSF: $1,795
• BSF: 6,140
• PPBSF: $3,689
• Lot Size: 8,187
• Last Sale Price: $5,640,000 (4/30/2014)
• Lot Dimensions: 66.08 ft x 100 ft
• Zoning: R4
• Tax Class: 4
• FAR: 1.54

The buyer of the property is Jay Gangwal, while the seller is Theodore M Kakoyiannis.