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250 4th Avenue, 252 4th Ave...

 Acquires Mixed-Use Properties In Gowanus For $13 Million
SOLDDevelopment Site

Acquires Mixed-Use Properties In Gowanus For $13 Million

250 4th Avenue, 252 4th Avenue, 254 4th Avenue & Adjacent Air Rights

$13,000,000

$950/SF

Building Size

13,680 SF

Asset Type

Development Site

Closing

Jul 13, 2026

AI

The property involved in this transaction is a mixed-use asset located at 250 4th Avenue, 252 4th Avenue, and 254 4th Avenue in the Gowanus market. The sale price for the property was $13,000,000, and it encompasses a total square footage of 13,680, resulting in a price per square foot of $950.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $13,000,000
  • Square Footage: 13,680
  • Price per Square Foot: $950
  • Buyer:
  • Broker Representatives: Adam J Hess & Edward Setton - Sterling Property Group NY
  • Date of Sale: 07/13/2026
  • Address: 250 4th Avenue, 252 4th Avenue & 254 4th Avenue
  • Market: Gowanus

The deal involved the buyer, , along with the broker representatives Adam J Hess and Edward Setton, who represent Sterling Property Group NY in this transaction. This collaboration highlights the efforts of these individuals in facilitating the sale of the mixed-use property.

Players

Edward Setton

Sterling Property Group NY

Broker

$251.4M

vol

55 deals

Broker
AI
Avery Hall InvestmentsTenant

Carrollton Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93