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164 Dupont Street

Dariusz Stefanowski Sells Development Site At 164 Dupont Street For $3.1 Million
SOLDDevelopment Site

Dariusz Stefanowski Sells Development Site At 164 Dupont Street For $3.1 Million

164 Dupont Street

$3,100,000

$4,769/SF

Building Size

650 SF

Asset Type

Development Site

Closing

Sep 16, 2025

AI

The property asset involved in this transaction is a development site located at 164 Dupont Street in Greenpoint, Brooklyn. The sale price for the property was $3,100,000, with a building square footage of 7,500 and a price per building square foot of $413. The total square footage of the asset is 650, resulting in a price per square foot of $4,769.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,100,000
  • Building Square Footage: 7,500
  • Price per Building Square Foot: $413
  • Total Square Footage: 650
  • Price per Square Foot: $4,769
  • Seller: Dariusz Stefanowski
  • Brokers: Gabriel Kates & Sean Mashihi - Block Real Estate Group
  • Date of Transaction: 9/17/2025

Key individuals involved in the deal include seller Dariusz Stefanowski, with representation from Gabriel Kates and Sean Mashihi of Block Real Estate Group. This brokerage was instrumental in facilitating the sale of the development site, contributing to the overall transaction process in the Greenpoint market.

Players

Gabriel Kates
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Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93