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253 Bond Street, Brooklyn, ...

John Usdan Acquires Commercial Property In Gowanus, Brooklyn For $3.15M
SOLDCommercial

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

John Usdan

Midwood Investment & Development

Buyer

$61.6M

vol

4 deals

Buyer

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