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Adam Mermelstein Acquires Multifamily Property In Williamsburg, Brooklyn For $4.8M

356 South 1 Street
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This MultiFamily property located in NY was sold for $4,810,781 over 2 years ago.

The multifamily property located at 356 South 1 Street in Williamsburg, Brooklyn has been sold in a recent transaction. The property is zoned as R6 and C2-3, allowing for various uses. The sale took place on 12/08/2021, with the buyer being Adam Mermelstein and the seller being Lusia Realty Corp., represented by Morris Joseph Knoll.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,810,781
  • Address: 356 South 1 Street
  • Market: Williamsburg, Brooklyn
  • Zoning: R6, C2-3

The property has a building square footage (BSF) of 12,928, with a price per square foot (PPSF) of $372. The total square footage (SF) of the property is 21,386, with a price per square foot (PPSF) of $224. The floor area ratio (FAR) is 4.02, and the property falls under tax class 2.

The lot size of the property is 5,320, and it has dimensions of 56 ft x 95 ft. An alteration 2 permit was issued for the property on 05/20/2014. These details provide a comprehensive overview of the property involved in the transaction.

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Deals
  • Location
    356 South 1st Street, Brooklyn, New York 11211, United States356 South 1st Street, Brooklyn, New York 11211, United States
  • Sale Price
    $4,810,781$4,810,781
    $225 PPSF$225 PPSF
  • Area
    21,386 SF21,386 SF
  • Asset Type
    MultiFamilyMultiFamily

Deal Summary

SALE DATE: 12/08/2021 ADDRESS: 356 South 1 Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6, C2-3 BUYER: Adam Mermelstein SELLER: Lusia Realty Corp. - Morris Joseph Knoll PRICE: $4,810,781 BSF: 12,928 ~ PPBSF: $372 SF: 21,386 ~ PPSF: $224 FAR: 4.02 TAX CLASS: 2 LOT SIZE: 5,320 PERMITS: Alteration 2 (05/20/2014) LOT DIMENSION: 56 ft x 95 ft

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