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Jay Gangwal Acquires Midwood Hospital For $22.65M From Theodore M Kakoyiannis

3417 Kings Highway
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This Other property located in NY was sold for $22,650,000 over 2 years ago.

A hospital located at 3417 Kings Highway in Midwood, Brooklyn, has been sold for a price of $22,650,000. The property, with an address of 3417 Kings Highway, has a total square footage of 12,616, and the price per square foot is $1,795. The building has a total of 6,140 buildable square feet, with a price per buildable square foot of $3,689. The lot size is 8,187, with dimensions of 66.08 ft x 100 ft. The property was last sold on April 30, 2014, for a price of $5,640,000. The zoning for the property is R4, and it falls under tax class 4. The floor area ratio (FAR) is 1.54.

Summary of transaction details

  • Property Type: Hospital
  • Transaction Amount: $22,650,000
  • Address: 3417 Kings Highway, Midwood, Brooklyn
  • SF: 12,616
  • PPSF: $1,795
  • BSF: 6,140
  • PPBSF: $3,689
  • Lot Size: 8,187
  • Last Sale Price: $5,640,000 (4/30/2014)
  • Lot Dimensions: 66.08 ft x 100 ft
  • Zoning: R4
  • Tax Class: 4
  • FAR: 1.54

The buyer of the property is Jay Gangwal, while the seller is Theodore M Kakoyiannis.

View Related

Deals
  • Location
    3417 Kings Highway, Brooklyn, New York 11234, United States3417 Kings Highway, Brooklyn, New York 11234, United States
  • Sale Price
    $22,650,000$22,650,000
    $1,795 PPSF$1,795 PPSF
  • Area
    12,616 SF12,616 SF
  • Asset Type
    OtherOther

Deal Summary

SALE DATE: 12/14/2021 ADDRESS: 3417 Kings Highway MARKET: Midwood, Brooklyn ASSET TYPE: Hospital ~ ZONING: R4 BUYER: Jay Gangwal SELLER: Theodore M Kakoyiannis PRICE: $22,650,000 BSF: 6,140 ~ PPBSF: $3,689 SF: 12,616 ~ PPSF: $1,795 FAR: 1.54 TAX CLASS: 4 LOT SIZE: 8,187 LAST SALE PRICE: $5,640,000 (4/30/2014) LOT DIMENSION: 66.08 ft x 100 ft

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