Dr. Nasrullah Khan Acquires Mixed-Use Property In Ditmas Park, Brooklyn For $3.3M
1409 Foster Avenue
$3,300,000
$578/SF
Building Size
5,700 SF
Asset Type
Mixed-use
Closing
Oct 3, 2023
About this deal
AI
A mixed-use property located at 1409 Foster Avenue in Ditmas Park, Brooklyn has been sold for $3,300,000. The property spans 5,700 square feet and has a price per square foot of $579. The transaction took place on 10/03/2023. The property is situated in the Ditmas Park market, known for its diverse mix of residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,300,000
- Square Footage: 5,700
- Price Per Square Foot: $579
- Address: 1409 Foster Avenue, Ditmas Park, Brooklyn
The buyer of the property is Dr. Nasrullah Khan, while the seller is Allon Avgi. The deal was facilitated by the brokers from Tri State Commercial Realty, namely Moshe Akiva, Jack Sarder, and Kirill Galperin. They served as representatives for both the buyer and the seller, ensuring a successful transaction.
On the Map
$3,300,000
$578/SF
Mixed-use
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Players
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93