Carter Martin Acquires Multifamily Property On 476 Irving Avenue, Bushwick, Brooklyn For $3.58M

The multifamily property located at 476 Irving Avenue in Bushwick, Brooklyn was recently sold in a closed transaction. The property is zoned R6 and has a lot size of 1,900 square feet. The building has a total BSF (building square footage) of 4,617, with an average price per BSF of $775. The total SF (square footage) of the property is 4,256, with an average price per SF of $841. The property has a FAR (floor area ratio) of 2.24 and is classified as tax class 2A. The last recorded sale of the property was on October 9, 2018, for a price of $1,150,000. There was an alteration permit issued on December 13, 2018.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,580,000
• Buyer: Carter Martin
• Seller: Rosemary Hayden

In this transaction, Carter Martin represented the buyer, and Rosemary Hayden represented the seller. The property was sold for a total price of $3,580,000. The sale price per BSF was $775, and the sale price per SF was $841.