Updated Dec 21, 2023
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
About this deal
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
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93