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236 Flatbush Avenue, Brookl...

Martin Goldstein Acquires 236 Flatbush Avenue In Park Slope, Brooklyn For $4.25M
SOLDCommercial

Martin Goldstein Acquires 236 Flatbush Avenue In Park Slope, Brooklyn For $4.25M

236 Flatbush Avenue, Brooklyn, New York 11217, United States

$4,250,000

$890/SF

Building Size

4,775 SF

Asset Type

Commercial

Closing

Apr 19, 2022

AI

Located at 236 Flatbush Avenue in Park Slope, Brooklyn, this commercial property was recently sold in a closed transaction. The property is zoned as R7A for residential use and C2-4 for commercial use. It has a lot size of 1,724 square feet and lot dimensions of 19.92 ft x 86.58 ft.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $4,250,000
  • Building Square Footage: 4,775
  • Price per Square Foot: $890
  • Land Square Footage: 1,724
  • Price per Land Square Foot: $616
  • Floor Area Ratio (FAR): 2.77
  • Tax Class: 2A

Martin Goldstein purchased the property for $4,250,000 from Michael Pintchik. The previous alteration permit for the property was issued on January 27, 2017.

Players

Michael Pintchik

Seller

$32.2M

vol

5 deals

Seller

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93