John Usdan Acquires Commercial Property In Gowanus, Brooklyn For $3.15M
253 Bond Street, Brooklyn, New York 11217, United States
$3,149,495
$77/SF
Building Size
40,754 SF
Asset Type
Commercial
Closing
Feb 8, 2022
AI
The commercial property located at 210 Douglas Street and 253 Bond St in Gowanus, Brooklyn has been sold in a transaction that closed on February 9, 2022. The property is zoned M2-1 and has a lot size of 24,850 square feet. It features a total building square footage of 40,754 and a buildable square footage of 149,946. The property was sold for a price of $3,149,495, with a price per square foot of $77.
Summary of transation details
- Property Type: Commercial
- Transaction Amount: $3,149,495
- Market: Gowanus, Brooklyn
- Zoning: M2-1
- Lot Size: 24,850 square feet
- Total Building Square Footage: 40,754
- Buildable Square Footage: 149,946
- Price per Square Foot: $77
The buyer of the property is John Usdan. The property previously sold on January 28, 2014, for a price of $6,000,000. The last known permit for the property was an alteration permit issued on September 3, 2013. The lot dimensions are 200 feet by 200 feet. The property has a floor area ratio (FAR) of 0.72 and falls under tax class 4.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · 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