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108 Flushing Avenue, Brookl...

Core Equities LLC Acquires Mixed-use Property In Fort Greene For $1.78M
SOLDMixed-use

Core Equities LLC Acquires Mixed-use Property In Fort Greene For $1.78M

108 Flushing Avenue, Brooklyn, New York 11205, United States

$1,775,000

$289/SF

Building Size

6,126 SF

Asset Type

Mixed-use

Closing

Mar 16, 2022

AI

Located at 108 Flushing Ave. in Fort Greene, this mixed-use property was recently sold in a closed transaction. The sale was handled by Derek Bestreich, Luke Sproviero, and David R. Lachtman, representing the seller, Bestreich Realty Group (BRG). The property spans 6,126 square feet and was sold for a price of $1,775,000, resulting in a price per square foot of $289.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,775,000
  • Address: 108 Flushing Ave.
  • Market: Fort Greene
  • Square Footage: 6,126

The buyer in this transaction was Core Equities LLC, represented by David R. Lachtman from Lachtman Cohen P.C. It's worth mentioning that Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates from BRG acted as the seller's representatives. This successful sale showcases the ongoing activity and interest in the Fort Greene market.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$592.1M

vol

139 deals

Broker
Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker

New York 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

8.94%

Cash-on-Cash

-2.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93