New York City · Commercial sale

Dime Commercial Holdings buys 3 parcels in Brooklyn for $20.5 million

A group of 3 parcels including 277 South 5th Street Unit Cu2, Brooklyn sold for $20,500,000 on August 24, 2026. See the seller and buyer net sheets for.

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Automated sale report from public sales records · How we make these · Published October 29, 2026

Sold August 24, 2026 · New York, New York

Aerial view of 277 South 5th Street Unit Cu2, 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: $20,500,000
Sold: August 24, 2026
Property type: Group of 3 parcels

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgAugust 24, 2026

Seller's estimated net sheet

277 South 5th Street Unit Cu2, Brooklyn

Sale price	$20,500,000
Prorations
Property tax proration (refund to seller)	$287,280.82
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$82,000
NY State additional transfer tax (NYC non-residential $2M+)	$51,250
NYC real property transfer tax (commercial/other)	$538,125
Other costs
Wire / courier / payoff processing	$75
Total deductions	$673,200
Estimated net to seller	$20,114,080.82

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NetSheet.orgAugust 24, 2026

Buyer's estimated net sheet

277 South 5th Street Unit Cu2, Brooklyn

Purchase price (cash)	$20,500,000
Title and settlement
Owner's title insurance policy	$65,927.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$287,280.82
Closing costs and prepaids	$355,708.37
Estimated cash to close	$20,855,708.37

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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 ($338,250).
Title and settlement fees are typical estimates, not quotes.

Selling in Brooklyn?

New York City transfer tax and closing costs

A group of 3 parcels sold for $20,500,000 on August 24, 2026, according to the New York City Department of Finance's ACRIS property records.

The group included 277 South 5th Street Unit Cu2 in Brooklyn. The record lists Havemeyer Owner LLC as the seller and Dime Commercial Holdings LLC as the buyer.

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 $538,125 for the nYC real property transfer tax (commercial/other) and $82,000 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 $20,114,081. 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 $20,855,708 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

277 South 5th Street Unit Cu2, Brooklyn, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026090300647002. 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.