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1248 Flatbush Ave, Brooklyn...

Marcus & Millichap Brokers $3.2M Sale Of Mixed-Use Property In Flatbush, Brooklyn
SOLDMixed-use

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

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.

Players

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

Ami Ariel

Buyer

$54.5M

vol

8 deals

Buyer

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93