Jeffrey Homapour Acquires Retail Property On North 9 Street In Williamsburg For $9.25M

A retail property located at 61 North 9 Street in Williamsburg, Brooklyn has been sold for a price of $9,250,000. The property has a building square footage (BSF) of 15,000, with a price per BSF (PPBSF) of $617. The total square footage (SF) of the property is 10,000, with a price per SF (PPSF) of $925. The property is zoned as M1-2, allowing for retail use. The lot size is 7,500 square feet, with dimensions of 50 feet by 100 feet. The property's floor area ratio (FAR) is 1.33 and it falls under tax class 4. The last recorded sale of the property took place on December 27, 2012, for a price of $4,500,000.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $9,250,000
• Address: 61 North 9 Street, Williamsburg, Brooklyn
• Buyer: Jeffrey Homapour
• Seller: Isaac Bistritsky
• BSF: 15,000
• PPBSF: $617
• SF: 10,000
• PPSF: $925
• Zoning: M1-2
• Lot Size: 7,500 square feet
• Lot Dimension: 50 ft x 100 ft
• Last Sale Price: $4,500,000 (12/27/2012)

Jeffrey Homapour has purchased the property from Isaac Bistritsky, representing himself in the deal. This transaction represents a significant investment in the retail market of Williamsburg, Brooklyn. The property's price per square foot and floor area ratio indicate a valuable asset in a prime location. With the previous sale of the property occurring almost a decade ago, this transaction highlights the growth and appreciation of real estate in the area over time.