G-Way Management Acquires Mixed-Use Building In Brooklyn Flatbush For $950,000
SOLD
$950,000
New York
See Similar DealsMixed-use33,600 SF
Sold 05/21/2019
SOLD
G-Way Management Acquires Mixed-Use Building In Brooklyn Flatbush For $950,000
1393 Flatbush Ave, Brooklyn, NY 11210, USA
See Similar DealsMixed-use33,600 SF
Sold 05/21/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$28
Total Square Footage:33,600 SF
Transaction Type:Sale
A mixed-use property located at 1393 Flatbush Avenue in Brooklyn's Flatbush neighborhood has been sold in a closed transaction. The property, spanning 3,360 square feet, was initially listed for $1,200,000. However, it was eventually sold for a price of $950,000, indicating a significant reduction from the asking price. The sale price translates to approximately $282 per square foot, reflecting the value of the property in the market.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $950,000
- Address: 1393 Flatbush Avenue
- Market: Brooklyn, Flatbush
- Square Footage: 3,360
George Mangui acted as the seller in this transaction, while G-Way Management, represented by Ami Ariel, emerged as the buyer. The deal was facilitated by real estate broker Shawn Sadaghati.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
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
Is there something missing? Send suggestions