SOLD
Aks Elkins Park, LP Acquires Retail Asset At 233 Butler Street In Gowanus For $3.14M
233 Butler Street
$3,144,545
$218/SF
Building Size
14,393 SF
Asset Type
—
Closing
Apr 21, 2026
AI
A retail asset located at 233 Butler Street in Gowanus, Brooklyn, has been sold for $3,144,545. The property spans 14,393 square feet, resulting in a price per square foot of $218.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,144,545
- Address: 233 Butler Street
- Market: Gowanus, Brooklyn
- Square Footage: 14,393
- Price per Square Foot: $218
- Buyer: Aks Elkins Park, LP
- Seller: David Katz
The deal was executed between buyer Aks Elkins Park, LP and seller David Katz, representing a significant transaction in the local retail market.
Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93