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Isaac Katz Acquires Multifamily Property In Kensington For $8.375M From Seller Gittie Klein

629 OCEAN PARKWAY
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This MultiFamily property located in NY was sold for $8,375,000 over 2 years ago.

The multifamily property located at 629 Ocean Parkway in Kensington was recently sold in a closed transaction. The buyer, Isaac Katz, acquired the property from the seller, Gittie Klein, for a price of $8,375,000. The property has a building square footage (BSF) of 72,704, translating to a price per BSF (PPBSF) of $115. The total lot size is 18,176 square feet, with dimensions of 119.67 feet by 142.25 feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,375,000
  • Market: Kensington
  • Zoning: R7A, OP

The property has a total floor area ratio (FAR) of 3.38, indicating the potential for future development. It falls under tax class 2 and has received a Certificate to Operate on November 18, 2017. The price per square foot (PPSF) for the property is $136, based on a total square footage of 61,435.

Note: No additional information regarding the property or the transaction is available at this time.

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Deals
  • Location
    629 Ocean Parkway, Kensington, Brooklyn, NY, USA629 Ocean Parkway, Kensington, Brooklyn, NY, USA
  • Sale Price
    $8,375,000$8,375,000
    $136 PPSF$136 PPSF
  • Area
    61,435 SF61,435 SF
  • Asset Type
    MultiFamilyMultiFamily

Deal Summary

SALE DATE: 09/03/2021 ADDRESS: 629 OCEAN PARKWAY MARKET: Kensington ASSET TYPE: Multifamily ~ ZONING: R7A, OP BUYER: Isaac Katz SELLER: Gittie Klein PRICE: $8,375,000 BSF: 72,704 ~ PPBSF: $115 SF: 61,435 ~ PPSF: $136 FAR: 3.38 TAX CLASS: 2 LOT SIZE: 18,176 PERMITS: Certificate to Operate (11/18/2017) LOT DIMENSION: 119.67 ft x 142.25 ft

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