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Anshel Fridman Acquires Industrial Property In Flatbush, Brooklyn For $4.5M

Property Image
SOLD
$4,500,000

New York

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Industrial3,600 SF
Sold 12/23/2021
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Property Image
SOLD

Anshel Fridman Acquires Industrial Property In Flatbush, Brooklyn For $4.5M

880 Rogers Avenue, Brooklyn, New York 11226, United States

See Similar Deals
Industrial3,600 SF
Sold 12/23/2021
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,250
Total Square Footage:3,600 SF
Transaction Type:Sale

An industrial property located at 880 Rogers Avenue & 2601 Snyder Avenue in Flatbush, Brooklyn has been sold in a recent transaction. The property has a lot size of 3,600 square feet and features a FAR of 1.00. The sale price for the property was $4,500,000, with a price per square foot of $1,250. The total building square footage is 19,651, resulting in a price per building square foot of $228. The property is classified under tax class 4. The sale took place on December 23, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,500,000
  • Address: 880 Rogers Avenue & 2601 Snyder Avenue, Flatbush, Brooklyn
  • Market: Flatbush, Brooklyn
  • Buyer: Anshel Fridman
  • Seller: Vibert McEwen

The buyer, Anshel Fridman, acquired the property from the seller, Vibert McEwen. The property underwent an alteration permit on November 1, 2021. The lot dimensions measure 39.58 feet by 92 feet.

Players

AF
Anshel Fridman
7 deals$112M volume
BUYER

Details

SOLD
IMAGE: 12/23/2021 ADDRESS: 880 Rogers Avenue & 2601 Snyder Avenue MARKET: Flatbush, Brooklyn ASSET TYPE: Industrial BUYER: Anshel Fridman SELLER: Vibert McEwen PRICE: $4,500,000 BSF: 19,651 ~ PPBSF: $228 SF: 3,600 ~ PPSF: $1,250 FAR: 1.00 TAX CLASS: 4 LOT SIZE: 3,600 PERMITS: Alteration (11/01/2021) LOT DIMENSION: 39.58 ft x 92 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55