Adam Semler pays $4.95M for 6-unit property in Prospect Heights

Adam Semler through the entity OR 257 Flatbush, LLC paid several entities including Bz 66 LLC, $4.95 million for 257 Flatbush Avenue in Prospect Heights. The deal closed on September 22, 2020, and was recorded on October 9, 2020. The transaction consists of 1 parcel, including the tax class primarily five to six family with store or office (S5) and containing 6 residential units. The property is 7,104 square feet. The parcel(s) have total development potential of 9,600 square feet.
The average sale price per square foot is $516.

The contract was June 8, 2020.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $30,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Adam Semler