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Prashanth Mekala Acquires Multifamily Property In Prospect Heights, Brooklyn For $3.2M

155 Underhill Avenue
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This MultiFamily property located in NY was sold for $3,200,000 almost 2 years ago.

The multifamily property located at 155 Underhill Avenue in Prospect Heights, Brooklyn has been sold in a closed transaction. The property is zoned as R6B and has a lot size of 1,680 square feet, with dimensions of 18.67 ft x 90 ft. The building has a total square footage of 3,528, with a buildable square footage of 3,360. The sale price for this transaction was $3,200,000, resulting in a price per square foot of $907. The price per buildable square foot is $952. The property has a floor area ratio (FAR) of 2.10 and is classified under tax class 1.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Market: Prospect Heights, Brooklyn
  • Zoning: R6B

Prashanth Mekala purchased the property from Matt Meyer & Phyllis Stauffer. They represented themselves in this transaction without the involvement of any brokers.

Note: No additional details were available regarding the transaction.

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Deals
  • Location
    155 Underhill Avenue, Brooklyn, New York 11238, United States155 Underhill Avenue, Brooklyn, New York 11238, United States
  • Sale Price
    $3,200,000$3,200,000
    $907 PPSF$907 PPSF
  • Area
    3,528 SF3,528 SF
  • Asset Type
    MultiFamilyMultiFamily

Deal Summary

SALE DATE: 06/28/2022 ADDRESS: 155 Underhill Avenue MARKET: Prospect Heights, Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Prashanth Mekala SELLER: Matt Meyer & Phyllis Stauffer PRICE: $3,200,000 BSF: 3,360 ~ PPBSF: $952 SF: 3,528 ~ PPSF: $907 FAR: 2.10 TAX CLASS: 1 LOT SIZE: 1,680 LOT DIMENSION: 18.67 ft x 90 ft

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