Updated Nov 11, 2026
2222 Church Avenue
2222 Church Avenue
$4,800,000
$744/SF
Building Size
6,450 SF
Asset Type
Development Site
Closing
Oct 8, 2026
About this deal
AI
The property involved in this transaction is a development site located at 2222 Church Avenue in the Flatbush neighborhood of Brooklyn. The sale was finalized for $4,800,000, with a building square footage of 25,800, resulting in a price per buildable square foot (PPBSF) of $186. The site also encompasses 6,450 square feet of land, translating to a price per square foot (PPSF) of $744.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,800,000
- Building Square Footage: 25,800
- Price per Buildable Square Foot: $186
- Land Square Footage: 6,450
- Price per Square Foot: $744
- Buyer: Mendel Greisman
- Seller: Shlomo Tamir
- Brokers: Dan Marks, Chris Braxton & Jake Rossein - Terra CRG
The transaction was facilitated by three brokers from Terra CRG, namely Dan Marks, Chris Braxton, and Jake Rossein, who represented the buyer, Mendel Greisman, and the seller, Shlomo Tamir, in this deal.
On the Map
$4,800,000
$744/SF
Development Site
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Players
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93