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224 Clarkson Avenue

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

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

224 Clarkson Avenue

$20,000,000

$833/SF

Building Size

24,000 SF

Asset Type

Development Site

Closing

Jul 10, 2025

AI

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

Anshel Fridman

Buyer

$143M

vol

8 deals

Buyer
Global Asset Properties
Global Asset PropertiesSeller

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93