Oleg Krasnitskiy Acquires Development Site In Brooklyn From Abdul Amafai For $2.15M
2635 East 23rd Street
$2,150,000
$271/SF
Building Size
7,919 SF
Asset Type
Development Site
Closing
Jun 17, 2026
AI
The property asset involved in this transaction is a development site located at 2635 East 23rd Street in Brooklyn. The sale was completed for a price of $2,150,000, and the property spans 7,919 square feet, translating to a price per square foot of $271.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,150,000
- Address: 2635 East 23rd Street
- Market: Brooklyn
- Square Footage: 7,919
- Price Per Square Foot: $271
- Buyer: Oleg Krasnitskiy
- Seller: Abdul Amafai
- Broker: Arsen Atbashyan & Vadim Atbashyan - Commercial Acquisitions
Key individuals involved in the transaction include buyer Oleg Krasnitskiy and seller Abdul Amafai, both of whom played significant roles in finalizing the deal. The brokerage firm representing the transaction was Commercial Acquisitions, with Arsen Atbashyan and Vadim Atbashyan serving as the brokers throughout the process.
Players
Market 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93