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2635 East 23rd Street

Oleg Krasnitskiy Acquires Development Site In Brooklyn From Abdul Amafai For $2.15M
SOLDDevelopment Site

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:

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

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

Oleg Krasnitskiy

Buyer

$41.4M

vol

3 deals

Buyer

Abdul Amafai

Seller

$2.2M

vol

1 deal

Seller

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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