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
About this deal
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:
- 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.
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
12.64%
Cash-on-Cash
-3.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93