Manhattan Capital Group Acquires Mixed-Use Property In Forest Hills For $4.5M
72-50 Austin Street
8,600 SF
Summary
The mixed-use property located at 72-50 Austin Street in Forest Hills has been sold for $4,500,000. The property sits on a lot size of 5,000 square feet and has a building square footage of 8,600. The price per square foot for the property is $523, while the price per buildable square foot is $450. The property has a floor area ratio of 1.72 and falls under tax class 4. The zoning for the property is R5D, C2-3, FH. The permits for the property include an alteration made in October 2014.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Market: Forest Hills
- Buyer: Manhattan Capital Group
- Seller: Lewis Stockman
- BSF: 10,000
- PPBSF: $450
- SF: 8,600
- PPSF: $523
The buyer in this transaction is Manhattan Capital Group, while the seller is Lewis Stockman. The property was sold with a lot dimension of 50.42ft x 100.92ft. It is situated in a market area known as Forest Hills. The deal represents a closed transaction with a sale price of $4,500,000.
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