New York City · Commercial sale

KC Fort Greene buys 205 Ashland Place in Brooklyn for $16 million

An apartment building at 205 Ashland Place, Brooklyn sold for $16,000,000 on August 21, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 30, 2026

Sold August 21, 2026 · New York, New York

Aerial view of 205 Ashland Place, Brooklyn with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: NYC Department of Finance. The photo can predate the sale.

Sale price: $16,000,000
Sold: August 21, 2026
Property type: Apartment building
Building area: 25,032 sq ft
Price per sq ft: $639
Year built: 1931

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgAugust 21, 2026

Seller's estimated net sheet

205 Ashland Place, Brooklyn

Sale price	$16,000,000
Prorations
Property tax proration (refund to seller)	$226,389.04
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$64,000
NY State additional transfer tax (NYC non-residential $2M+)	$40,000
NYC real property transfer tax (commercial/other)	$420,000
Other costs
Wire / courier / payoff processing	$75
Total deductions	$525,825
Estimated net to seller	$15,700,564.04

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NetSheet.orgAugust 21, 2026

Buyer's estimated net sheet

205 Ashland Place, Brooklyn

Purchase price (cash)	$16,000,000
Title and settlement
Owner's title insurance policy	$53,507.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$226,389.04
Closing costs and prepaids	$282,396.59
Estimated cash to close	$16,282,396.59

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.65% of price ($264,000).
Title and settlement fees are typical estimates, not quotes.

Selling in Brooklyn?

New York City transfer tax and closing costs

An apartment building at 205 Ashland Place in Brooklyn sold for $16,000,000. The sale closed on August 21, 2026, according to ACRIS property records. The price is 2.9 times the market value of $5,526,000 on file.

The building has 25,032 square feet of space. It was built in 1931. The lot is 6,292 square feet. The price works out to $639 per square foot. These details come from the NYC Department of Finance.

The seller is 30 Saint Felix Street LLC. The buyer is KC Fort Greene LLC. The deed covers two parcels. The 205 Ashland Place parcel is the largest one identified.

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 $420,000 for the nYC real property transfer tax (commercial/other) and $64,000 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 $15,700,564. 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 $16,282,397 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

205 Ashland Place, Brooklyn, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026082700070001. 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.