Shloma Blasenstein Purchases Mixed-Use Property From The Kats Family For $950,000 In Brooklyn
SOLD
New York
See Similar DealsMixed-use2,200 SF
Sold 09/17/2025
SOLD
Shloma Blasenstein Purchases Mixed-Use Property From The Kats Family For $950,000 In Brooklyn
1324 Flatbush Avenue
See Similar DealsMixed-use2,200 SF
Sold 09/17/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$431
Total Square Footage:2,200 SF
Transaction Type:Sale
The mixed-use property located at 1324 Flatbush Avenue in Brooklyn was sold for $950,000. The asset comprises 3 units and has a total square footage of 2,200 with a price per square foot of $431 and a price per unit of $316,667.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $950,000
- Units: 3
- Square Footage: 2,200
- Price per Unit: $316,667
- Price per Square Foot: $431
- Buyer: Shloma Blasenstein
- Seller: The Kats Family
- Broker Representatives: Matthew Cosentino & Remi Norris - Terra CRG
Matthew Cosentino and Remi Norris of Terra CRG represented the buyer, Shloma Blasenstein, in this transaction while the seller, The Kats Family, was also involved in the deal. The transaction date was recorded on September 17, 2025.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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