Marcus & Millichap Brokers $3.2M Sale Of Mixed-Use Property In Flatbush, Brooklyn
1248 Flatbush Ave, Brooklyn, NY 11226, USA
$3,200,000
$30/SF
Building Size
103,500 SF
Asset Type
Mixed-use
Closing
Jan 16, 2020
About this deal
AI
The mixed-use property located at 1248-1252 Flatbush Avenue in Flatbush, Brooklyn has been sold in a closed transaction. The property spans a total of 10,350 square feet.
Summary of transaction details:
- Property Type: Mixed Use
- Asking Price: $3,400,000
- Sale Price: $3,200,000
- Square Footage: 10,350
- Address: 1248-1252 Flatbush Avenue, Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
The seller of the property was Paul Hyun Kyung Chung, while the buyer was Ami Ariel. The transaction was facilitated by the team of Shaun Riney, Dan Greenblatt, Mike Salvatico, and Zalman Yarmush from Marcus & Millichap.
On the Map
$3,200,000
$30/SF
Mixed-use
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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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93