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1324 Flatbush Avenue

Shloma Blasenstein Purchases Mixed-Use Property From The Kats Family For $950,000 In Brooklyn
SOLDMixed-use

Shloma Blasenstein Purchases Mixed-Use Property From The Kats Family For $950,000 In Brooklyn

1324 Flatbush Avenue

$950,000

$431/SF

Building Size

2,200 SF

Asset Type

Mixed-use

Closing

Sep 16, 2025

AI

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.

Players

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker
Terra CRG
Terra CRGBrokerage

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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93