Updated Oct 25, 2024
David Cohen Acquires Commercial Property In East New York, Brooklyn For $31.4M
300 Sheffield Avenue, West Babylon, New York 11704, United States
$31,400,000
$298/SF
Building Size
105,229 SF
Asset Type
Commercial
Closing
Jan 26, 2022
About this deal
AI
The commercial property located at 300 Sheffield Avenue in East New York, Brooklyn has been sold in a transaction that took place on January 27, 2022. The property is zoned as M1-4, indicating its classification as a commercial asset.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $31,400,000
- Address: 300 Sheffield Avenue
- Market: East New York, Brooklyn
- Zoning: M1-4
The buyer of the property is David Cohen, while the seller is Robert E. Poole.
The property has a building square footage (BSF) of 75,704, with a price per BSF (PPBSF) value of $414. The total area of the property is 105,229 square feet, and the price per square foot (PPSF) is $298.
The floor area ratio (FAR) for the property is 2.78, and its tax class is 4.
The lot size of the property is 37,852 square feet. The last recorded sale of the property was on March 20, 2015, at a price of $10,300,000. An alteration permit was issued on June 25, 2018. The lot dimensions are 196 feet by 195 feet.
On the Map
$31,400,000
$298/SF
Commercial
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West Babylon 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
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93