Matthew Yazdan Of Repop Advisors Acquires Mixed-Use Property In Flatbush, Brooklyn
1119 Flatbush Avenue
$1,210,000
$403/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Jul 15, 2022
About this deal
AI
A mixed-use property located at 1119 Flatbush Ave. in Flatbush, Brooklyn has been sold for a price of $1,210,000. The property consists of 3,000 square feet, resulting in a price per square foot of $403.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,210,000
- Address: 1119 Flatbush Ave., Flatbush, Brooklyn
- Square Footage: 3,000
- Price Per Square Foot: $403
The buyer in this transaction is Matthew Yazdan, represented by Repop Advisors. The seller of the property is Nori Shihabi.
The mixed use sale at 1119 Flatbush Avenue in New York, New York sold for $1.2M in 2022. The building is 3,000 square feet, implying about 403 per square foot on the published price. This page is the New York, New York file for the 1119 Flatbush Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 1119 Flatbush Avenue around 2022. Published consideration for 1119 Flatbush Avenue is $1.2M, dated 2022. Cite this Matthew Yazdan Of Repop Advisors Acquires Mixed-Use Property In Flatbush, Brooklyn sale when underwriting similar mixed use product around New York, New York.
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New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93