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Salommon Englander Acquires Commercial Property On Atlantic Avenue In East New York, Brooklyn For $4.3M

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SOLD
$4,300,000

New York

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Commercial12,168 SF
Sold 08/25/2022
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Property Image
SOLD

Salommon Englander Acquires Commercial Property On Atlantic Avenue In East New York, Brooklyn For $4.3M

2632 Atlantic Avenue, Brooklyn, New York 11207, United States

See Similar Deals
Commercial12,168 SF
Sold 08/25/2022
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$353
Total Square Footage:12,168 SF
Transaction Type:Sale

The commercial property at 2632 Atlantic Avenue in East New York, Brooklyn has been sold for a total price of $4,300,000. The property is zoned as C4-4D and EC-5, allowing for various commercial uses. With a building square footage of 12,168, the price per square foot comes out to $353. The property has a total of 24,417 buildable square feet, resulting in a price per buildable square foot of $176. The lot size is 4,056 square feet, with dimensions of 49.75 ft x 82 ft. The previous sale of the property took place on September 30, 2020, at a price of $3,125,000. The property has also undergone an alteration permit on November 13, 2008.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $4,300,000
  • Market: East New York, Brooklyn
  • Zoning: C4-4D, EC-5
  • Square Footage: 12,168
  • Price Per Square Foot: $353
  • Buildable Square Footage: 24,417
  • Price Per Buildable Square Foot: $176
  • Lot Size: 4,056 square feet
  • Last Sale Price: $3,125,000 (09/30/2020)
  • Permits: Alteration 2 (11/13/2008)
  • Lot Dimension: 49.75 ft x 82 ft

The buyer in this transaction is Salommon Englander, and the seller is Steven Makowsky. There are no additional details available about the deal or the individuals involved.

Players

2 deals$6.1M volume
SELLER

Details

SOLD
IMAGE: 08/25/2022 ADDRESS: 2632 Atlantic Avenue MARKET: East New York, Brooklyn ASSET TYPE: Commercial ~ ZONING: C4-4D, EC-5 BUYER: Salommon Englander SELLER: Steven Makowsky PRICE: $4,300,000 BSF: 24,417 ~ PPBSF: $176 SF: 12,168 ~ PPSF: $353 FAR: 3.00 TAX CLASS: 4 LOT SIZE: 4,056 LAST SALE PRICE: $3,125,000 (09/30/2020) PERMITS: Alteration 2 (11/13/2008) LOT DIMENSION: 49.75 ft x 82 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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