David Barse Acquires Mixed-Use Building In East Flatbush From Estefania Knight For $6.57M
457 Schenectady Avenue
$6,568,812
$74/SF
Building Size
88,691 SF
Asset Type
Mixed-use
Closing
Mar 31, 2026
AI
A mixed-use building located at 457 Schenectady Avenue in East Flatbush has been sold for $6,568,812. The building encompasses a total of 88,691 square feet, with a price per square foot calculated at $74.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,568,812
- Address: 457 Schenectady Avenue
- Market: East Flatbush, Brooklyn
- Square Footage: 88,691
- Price per Square Foot: $74
- Buyer: David Barse
- Seller: Estefania Knight
David Barse acquired the property from Estefania Knight, marking a significant entry into the Brooklyn market due to the competitive pricing of the asset. This transaction emphasizes an advantageous entry point in the real estate landscape of East Flatbush.
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.41%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93