New York City · Commercial sale
PSS 47th Street Realty buys 123 47 Street in Brooklyn for $7.53 million
A warehouse at 123 47 Street, Brooklyn sold for $7,530,000 on September 4, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $7,530,000
- Sold
- September 4, 2026
- Property type
- Warehouse
- Building area
- 15,174 sq ft
- Price per sq ft
- $496
- Year built
- 1900
The warehouse sold for $7,530,000, 4.5 times its $1,659,000 market value on record. The market value comes from NYC Department of Finance records.
The warehouse at 123 47 Street in Brooklyn sold on September 4, 2026, according to the New York City Department of Finance's ACRIS property records. The record lists Universal Coffee Corporation as the seller and PSS 47th Street Realty LLC as the buyer.
NYC Department of Finance records show 15,174 square feet of building area, a build year of 1900 and a 15,200-square-foot lot. At that size, the price works out to $496 per square foot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in New York City?
By our estimate, the seller's two largest charges, not counting prorations, were $197,662.50 for the nYC real property transfer tax (commercial/other) and $30,120 for the nY State real estate transfer tax. Who pays what follows New York City custom.
How much did the seller net?
By our estimate, the seller netted about $7,383,346. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $7,661,649 at closing. That covers the full price and closing costs.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026090800750001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
