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Shlomo Karpen Anshel Fridman Norman Strulovitch Acquire Development Site In East Flatbush For $20M

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SOLD
$20,000,000

New York

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Development Site24,000 SF
Sold 07/10/2025
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SOLD

Shlomo Karpen Anshel Fridman Norman Strulovitch Acquire Development Site In East Flatbush For $20M

224 Clarkson Avenue

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Development Site24,000 SF
Sold 07/10/2025
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$833
Total Square Footage:24,000 SF
Transaction Type:Sale

A development site located at 224 Clarkson Avenue in East Flatbush, Brooklyn was sold for $20,000,000. The property spans 24,000 square feet, with a price per square foot of $833 and a building size factor (BSF) of 103,200, resulting in a price per BSF of $194.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $20,000,000
  • Address: 224 Clarkson Avenue
  • Market: East Flatbush, Brooklyn
  • Building Size Factor (BSF): 103,200
  • Price per BSF: $194
  • Square Footage (SF): 24,000
  • Price per Square Foot (PPSF): $833
  • Buyer: Shlomo Karpen, Anshel Fridman & Norman Strulovitch
  • Seller: Global Asset Properties, Mehrdad Kahan & Said Makhany

Shlomo Karpen, Norman Strulovitch, and Anshel Fridman were involved in the acquisition of the property, transacting with Global Asset Properties and partners, Mehrdad Kahan and Said Makhany.

Players

8 deals$143M volume
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7 deals$98.9M volume
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Details

SOLD
IMAGE: 07/10/2025 ADDRESS: 224 Clarkson Avenue MARKET: East Flatbush, Brooklyn ASSET TYPE: Development Site BUYER: Shlomo Karpen, Anshel Fridman & Norman Strulovitch SELLER: Global Asset Properties, Mehrdad Kahan & Said Makhany SALE PRICE: $20,000,000 BSF: 103,200 ~ PPBSF: $194 SF: 24,000 ~ PPSF: $833 NOTE: Shlomo Karpen, Norman Strulovitch, and Anshel Fridman acquired a development site at 224 Clarkson Avenue in East Flatbush for $20M from Global Asset Properties and partners.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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