Larchemont Capital Acquires Mixed-Use Property On Flatbush Avenue For $3.45M
1310 Flatbush Ave #1312, Brooklyn, NY 11210, USA
Building Size
90,720 SF
Asset Type
Mixed-use
Closing
Jun 18, 2018
About this deal
AI
The mixed-use property located at 1310-1312 Flatbush Avenue in Brooklyn has been sold in a closed transaction. The property comprises a total of 9,072 square feet and consists of 10 units. The transaction took place in the Flatbush market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,450,000
- Price per Unit: $345,000
- Capitalization Rate: 5.8%
The seller of the property was Aulder Capital, and the buyer was Larchemont Capital. The transaction was facilitated by brokers Shaun Riney, Mark Zarrella, and Daniel Greenblatt.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93