Judith Jackson Acquires Hospital In Brooklyn For $25M From Holly Leicht

An alteration 3 permit was issued on December 14, 2021 for the property located at 888 Fountain Avenue in Brooklyn. The property, classified as a hospital and zoned as R3-2, spans a lot size of 1,227,637 square feet with dimensions of 1165.91 ft x 1064.05 ft. The building has a total square footage of 441,949, with a price per square foot (PPSF) of $56. The purchase price for the property was $25,000,000, and the building saleable footage (BSF) is 613,818. The price per saleable square foot (PPSF) is $40. The property has a floor area ratio (FAR) of 0.36 and is classified under tax class 4.

Summary of Transaction Details

• Property Type: Hospital
• Transaction Amount: $25,000,000
• Address: 888 Fountain Avenue
• Market: Brooklyn
• Zoning: R3-2
• Lot Size: 1,227,637 sq ft
• Permit: Alteration 3 (12/14/2021)
• Lot Dimension: 1165.91 ft x 1064.05 ft
• Total Square Footage: 441,949 sq ft
• Price per Square Foot (PPSF): $56
• Building Saleable Footage (BSF): 613,818 sq ft
• Price per Saleable Square Foot (PPSF): $40
• Floor Area Ratio (FAR): 0.36
• Tax Class: 4

Judith Jackson purchased the property at 888 Fountain Avenue from Holly Leicht for a total amount of $25,000,000. Both parties represented themselves in the transaction.