New York City · Commercial sale

Chinese-American Planning Council buys 4101 8 Avenue in Brooklyn for $7.6 million

An office building at 4101 8 Avenue, Brooklyn sold for $7,600,000 on September 2, 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 November 7, 2026

Sold September 2, 2026 · New York, New York

Aerial view of 4101 8 Avenue, 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: $7,600,000
Sold: September 2, 2026
Property type: Office building
Building area: 19,200 sq ft
Price per sq ft: $396
Year built: 1912

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 2, 2026

Seller's estimated net sheet

4101 8 Avenue, Brooklyn

Sale price	$7,600,000
Prorations
Property tax proration (refund to seller)	$103,412.05
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$30,400
NY State additional transfer tax (NYC non-residential $2M+)	$19,000
NYC real property transfer tax (commercial/other)	$199,500
Other costs
Wire / courier / payoff processing	$75
Total deductions	$250,725
Estimated net to seller	$7,452,687.05

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NetSheet.orgSeptember 2, 2026

Buyer's estimated net sheet

4101 8 Avenue, Brooklyn

Purchase price (cash)	$7,600,000
Title and settlement
Owner's title insurance policy	$27,597.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$103,412.05
Closing costs and prepaids	$133,509.60
Estimated cash to close	$7,733,509.60

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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 ($125,400).
Title and settlement fees are typical estimates, not quotes.

Selling in Brooklyn?

New York City transfer tax and closing costs

According to ACRIS records, an office building in Brooklyn sold for $7,600,000. The price is 2.8 times the market value. The market value was $2,670,000.

The ACRIS record shows the seller as First American International Bank and Royal Business Bank. The buyer is Chinese-American Planning Council, INC. The sale closed September 2, 2026.

The building has 19,200 square feet. That works out to $396 per square foot. It was built in 1912 on a 4,017-square-foot lot, Department of Finance records show.

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 $199,500 for the nYC real property transfer tax (commercial/other) and $30,400 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 $7,452,687. 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 $7,733,510 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

4101 8 Avenue, Brooklyn, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026091400504001. 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.