Chana Leah Balkany Acquires Retail Property In Clinton Hill, Brooklyn For $7.5M

The retail property located at 448 Grand Avenue in Clinton Hill, Brooklyn has been sold in a transaction that closed on November 17, 2021. The property is zoned as R7A and C2-4, allowing for a variety of uses. The sale was completed for a total price of $7,500,000, with a building square footage (BSF) of 36,000. This translates to a price per BSF (PPBSF) of $208. The property itself spans across 10,080 square feet, resulting in a price per square foot (PPSF) of $744. The lot size is measured at 9,000 square feet, with dimensions of 100 feet by 90 feet. Notably, a full demolition permit was obtained on July 16, 2021.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,500,000
• Market: Clinton Hill, Brooklyn
• Buyer: Chana Leah Balkany
• Seller: Jason Herskowitz
• BSF: 36,000
• PPBSF: $208
• SF: 10,080
• PPSF: $744
• Lot Size: 9,000
• Zoning: R7A, C2-4

In this transaction, the buyer, Chana Leah Balkany, acquired the property from the seller, Jason Herskowitz. The deal was facilitated by their respective representatives. The property's FAR (Floor Area Ratio) is 1.12, and it falls under tax class 4.