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
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