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

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SOLD
$3,149,495

New York

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Commercial40,754 SF
Sold 02/09/2022
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Property Image
SOLD

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

253 Bond Street, Brooklyn, New York 11217, United States

See Similar Deals
Commercial40,754 SF
Sold 02/09/2022
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$77
Total Square Footage:40,754 SF
Transaction Type:Sale

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
4 deals$61.6M volume
BUYER

John Usdan
4 deals$61.6M volume
BUYER

Details

SOLD
IMAGE: 02/09/2022 ADDRESS: 210 Douglas Street & 253 Bond St MARKET: Gowanus, Brooklyn ASSET TYPE: Commercial ~ ZONING: M2-1 BUYER: John Usdan PRICE: $3,149,495 BSF: 149,946 ~ PPBSF: $21 SF: 40,754 ~ PPSF: $77 FAR: 0.72 TAX CLASS: 4 LOT SIZE: 24,850 LAST SALE PRICE: $6,000,000 (1/28/2014) PERMITS: Alteration 2 (09/03/2013) LOT DIMENSION: 200 ft x 200 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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