SOLD
The Strulovitch Family Acquires Mixed-Use Property In Williamsburg, Brooklyn For $2M
657 Flushing Avenue
Building Size
—
Asset Type
—
Closing
Aug 31, 2022
About this deal
AI
The mixed-use property located at 657 Flushing Avenue in Williamsburg, Brooklyn was recently sold for $2,000,000. The property spans a total of 2,926 square feet, resulting in a price per square foot of $683.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Address: 657 Flushing Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Buyer: The Strulovitch Family
- Brokers: Lev Mavashev & Daniel Aminov - Alpha Realty
- Square Footage: 2,926
- Price Per Square Foot: $683
The Strulovitch Family served as the buyer in this transaction, with the deal facilitated by Lev Mavashev and Daniel Aminov from Alpha Realty.
On the Map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse New York sales on Traded.
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