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2632 Atlantic Avenue, Brook...

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

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

$4,300,000

$353/SF

Building Size

12,168 SF

Asset Type

Commercial

Closing

Aug 24, 2022

AI

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

Steven Makowsky

Seller

$6.1M

vol

2 deals

Seller

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93