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226 Dekalb Avenue, Brooklyn...

Updated Dec 21, 2023

Gabriel Stulman Acquires Commercial Property In Fort Greene, Brooklyn For $3M
SOLDCommercial

Gabriel Stulman Acquires Commercial Property In Fort Greene, Brooklyn For $3M

226 Dekalb Avenue, Brooklyn, New York 11205, United States

$3,000,000

$2,066/SF

Building Size

1,452 SF

Asset Type

Commercial

Closing

Sep 13, 2022

About this deal

AI

The commercial property located at 226 Dekalb Avenue in Fort Greene, Brooklyn has been sold. The property is zoned as R6B and C2-4, allowing for a variety of commercial uses. The transaction took place on September 14, 2022.

Summary of Transaction Details

  • Property Type: Commercial
  • Transaction Amount: $3,000,000
  • Address: 226 Dekalb Avenue, Fort Greene, Brooklyn
  • Market: Fort Greene, Brooklyn
  • Zoning: R6B, C2-4

Gabriel Stulman is the buyer of the property, while James Hoang Bui is the seller. The property has a building square footage (BSF) of 2,904 and a price per BSF of $1,033. Additionally, the property has a total square footage (SF) of 1,452, with a price per SF of $2,066.

The property has a floor area ratio (FAR) of 1.00 and is classified under tax class 4. The lot size is 1,452 square feet. The previous sale of the property took place on January 9, 2020, for a price of $2,007,000. An alteration permit was issued on November 13, 2001.

Please note that the lot dimensions are 26 feet by 55.83 feet.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $2.1K per square foot on a published $3M for 1,452 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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