Avrohom Schlaff Acquires Retail Property In Borough Park, Brooklyn For $4.8M

The property at 4505 New Utrecht Avenue in Borough Park, Brooklyn was sold on November 24, 2021. The asset type is retail and is located in a zone with R6 and C2-3 zoning designations. The property has a total building square footage (BSF) of 13,644, with a price per BSF (PPBSF) of $352. The total lot size is 5,615 square feet and the lot dimensions are 67.17 feet by 100 feet. The property was last sold on May 29, 2014, for a price of $1,626,667. The current transaction price is $4,800,000 with a price per square foot (PPSF) of $1,200. The property has a floor area ratio (FAR) of 0.71 and is classified as tax class 4.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,800,000
• Address: 4505 New Utrecht Avenue
• Market: Borough Park, Brooklyn
• Zoning: R6, C2-3
• BSF: 13,644
• PPBSF: $352
• SF: 4,000
• PPSF: $1,200
• Lot Size: 5,615
• Last Sale Price: $1,626,667 (5/29/2014)
• Lot Dimension: 67.17 ft x 100 ft
• FAR: 0.71
• Tax Class: 4

The buyer of the property is Avrohom Schlaff, while the seller is Sarah Kessler.