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2635 East 23rd Street

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

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

2635 East 23rd Street

$2,150,000

$271/SF

Building Size

7,917 SF

Asset Type

Development Site

Closing

Jun 18, 2026

AI

The property is a development site located at 2635 East 23rd Street in Brooklyn. The transaction was finalized with a sale price of $2,150,000. The total square footage of the site is 7,917, which translates to a price per square foot of $271.

Summary of transaction details:

The key individuals involved in the transaction include Oleg Krasnitskiy as the buyer and Abdul Amafi as the seller, with Richard Zagranichny representing the buyer through Ripco. This transaction highlights the active participation of these individuals in the real estate development sector within the Brooklyn market.

Players

Richard Zagranichny

Ripco

Broker

2 deals

Broker

Oleg Krasnitskiy

Buyer

$43.6M

vol

4 deals

Buyer

Brooklyn 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