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
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