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.
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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