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

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SOLD
$3,100,000

New York

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Development Site650 SF
Sold 09/17/2025
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SOLD

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

164 Dupont Street

See Similar Deals
Development Site650 SF
Sold 09/17/2025
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$4,769
Total Square Footage:650 SF
Transaction Type:Sale

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
59 deals$158.4M volume(508) 365-8278
BROKER

Sean Mashihi
Block Real Estate Group
46 deals$123.2M volume(917) 999-6616
BROKER

Details

SOLD
IMAGE: Sean Mashihi & Gabriel Kates DATE: 9/17/2025 ADDRESS: 164 Dupont Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Development Site SELLER: Dariusz Stefanowski BROKERS: Gabriel Kates (@GabeKates) & Sean Mashihi (@SeanMashh) - Block Real Estate Group (@BlockRealEstateGroup) SALE PRICE: $3,100,000 BSF: 7,500 ~ PPBSF: $413 SF: 650 ~ PPSF: $4,769

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
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