New York City · Commercial sale
Prospect Ave Holdings buys 467 Prospect Avenue in Brooklyn for $55 million
An industrial building at 467 Prospect Avenue, Brooklyn sold for $55,000,000 on September 25, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $55,000,000
- Sold
- September 25, 2026
- Property type
- Industrial building
- Building area
- 38,650 sq ft
- Price per sq ft
- $1,423
- Year built
- 1910
An industrial building at 467 Prospect Avenue in Brooklyn sold for $55,000,000 on September 25, 2026. That is more than 15 times its market value of $3,580,000. The sale was recorded in the New York City Department of Finance's ACRIS property records.
The building has 38,650 square feet, according to the Finance Department. It was built in 1910 on a 0.71-acre lot. The price works out to $1,423 per square foot.
The deed lists Arrow Linen Supply Co INC. as the seller. The buyer is Prospect Ave Holdings LLC. The sale covers two parcels, with 467 Prospect Avenue the largest.
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 $1,443,750 for the nYC real property transfer tax (commercial/other) and $220,000 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 $53,888,117. 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 $55,854,839 at closing. That covers the full price and closing costs.
Run this net sheet with your numbers (free) See photos on Zillow
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026100200392001. 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.
