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1005 Flatbush Avenue

Ezra Khaski Purchases Mixed-Use Property At 1005 Flatbush Avenue From Joel Brook For $1.255M
SOLDMixed-use

Ezra Khaski Purchases Mixed-Use Property At 1005 Flatbush Avenue From Joel Brook For $1.255M

1005 Flatbush Avenue

$1,255,000

$367/SF

Building Size

3,420 SF

Asset Type

Mixed-use

Closing

Jul 15, 2024

AI

This mixed-use asset located at 1005 Flatbush Avenue in Brooklyn comprises a total area of 3,420 square feet. The property was sold for a transaction amount of $1,255,000, which translates to a price per square foot of $367.

Summary of transaction details:

The deal involved a team of brokers from Ripco, comprising Andreas Efthymiou, Stephen R. Preuss Sr., Christian Allimonos, Charles Schirrmeister, and Kevin Schmitz, who facilitated the transaction between the buyer and the seller.

Players

Andreas Efthymiou

Ripco

Broker

$1.1B

vol

131 deals

Broker

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

12.64%

Cash-on-Cash

-3.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93