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233 Butler Street

Aks Elkins Park, LP Acquires Retail Asset At 233 Butler Street In Gowanus For $3.14M
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

David Katz

Seller

$3.1M

vol

3 deals

Seller

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