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Alexander Kostovetsk Acquires Marine Park Commercial Property From Peter A. Forman For $5.3M

Property Image
SOLD
$5,300,000

New York

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Commercial7,000 SF
Sold 05/13/2022
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Property Image
SOLD

Alexander Kostovetsk Acquires Marine Park Commercial Property From Peter A. Forman For $5.3M

2488 Flatbush Avenue, Brooklyn, New York 11234, United States

See Similar Deals
Commercial7,000 SF
Sold 05/13/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$757
Total Square Footage:7,000 SF
Transaction Type:Sale

A commercial property located at 2484-2488 Flatbush Avenue in Marine Park, Brooklyn has been sold for a total price of $5,300,000. The property has a total square footage of 7,000 and a price per square foot of $757. It is situated on a lot size of 7,000 and has a FAR of 1.00. The property is zoned as C8-1 and falls under tax class 4. A sign permit was issued for the property on June 29, 2017, and its lot dimensions measure 100 ft x 70 ft.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $5,300,000
  • Market: Marine Park, Brooklyn
  • Zoning: C8-1
  • Square Footage: 7,000
  • Price per Square Foot: $757
  • Lot Size: 7,000
  • FAR: 1.00
  • Tax Class: 4

The buyer of the property is Alexander Kostovetsk, while the seller is Peter A. Forman.

Players

AK
Alexander Kostovetsk
6 deals$29M volume
BUYER

Details

SOLD
IMAGE: 05/13/2022 ADDRESS: 2484-2488 Flatbush Avenue MARKET: Marine Park, Brooklyn ASSET TYPE: Commercial ~ ZONING: C8-1 BUYER: Alexander Kostovetsk SELLER: Peter A. Forman PRICE: $5,300,000 BSF: 7,000 ~ PPBSF: $757 SF: 7,000 ~ PPSF: $757 FAR: 1.00 TAX CLASS: 4 LOT SIZE: 7,000 PERMITS: Sign (06/29/2017) LOT DIMENSION: 100 ft x 70 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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