Ezra Khaski Purchases Mixed-Use Property At 1005 Flatbush Avenue From Joel Brook For $1.255M
SOLD
$1,255,000
+ 2
New York
See Similar DealsMixed-use3,420 SF
Sold 07/15/2024
SOLD
Ezra Khaski Purchases Mixed-Use Property At 1005 Flatbush Avenue From Joel Brook For $1.255M
1005 Flatbush Avenue
See Similar DealsMixed-use3,420 SF
Sold 07/15/2024
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$367
Total Square Footage:3,420 SF
Transaction Type:Sale
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:
- Property Type: Mixed-use
- Transaction Amount: $1,255,000
- Square Footage: 3,420
- Price per Square Foot: $367
- Buyer: Ezra Khaski
- Seller: Joel Brook
- Brokers: Andreas Efthymiou, Stephen R. Preuss Sr., Christian Allimonos, Charles Schirrmeister & Kevin Schmitz - Ripco
- Transaction Date: 07/15/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,458.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,949.34
Annual Debt Service$71,392.08
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