Bryan McKenzie Acquires Coney Island Retail Property For $5.5M

Located at 1019 Surf Avenue in Coney Island, this retail property was recently sold in a closed transaction. The buyer, Bryan McKenzie, acquired the property from the seller, Alexander Levin, for a price of $5,500,000. The asset type is retail, with a zoning classification of C7 and CI. The property spans a total of 9,860 square feet and has a building square footage (BSF) of 19,720. The price per building square foot (PPBSF) is approximately $278, while the price per square foot (PPSF) is around $557. The lot size is equal to the property's total square footage of 9,860. The previous sale of the property occurred on March 25, 2013, with a sale price of $3,100,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,500,000
• Market: Coney Island
• Zoning: C7, CI
• Buyer: Bryan McKenzie
• Seller: Alexander Levin
• Building Square Footage (BSF): 19,720
• Price per Building Square Foot (PPBSF): $278
• Square Footage (SF): 9,860
• Price per Square Foot (PPSF): $557
• Floor Area Ratio (FAR): 1.00
• Tax Class: 4
• Last Sale Price: $3,100,000 (3/25/2013)
• Permits: Alteration type 2 (12/06/2017)
• Lot Dimensions: 182.08 ft x 63 ft

This transaction showcases Bryan McKenzie as the buyer who acquired the property from Alexander Levin. The property's square footage, zoning, and market value make it a valuable asset in the vibrant neighborhood of Coney Island. The deal was closed at a price point of $5,500,000, reflecting the attractiveness and potential of this retail property. The 2013 sale price of $3,100,000 indicates a significant appreciation in value over the years. Overall, this transaction highlights the success and strategic investment decisions of both Bryan McKenzie and Alexander Levin.