Dr. Nasrullah Khan Acquires Mixed-Use Property In Ditmas Park, Brooklyn For $3.3M
SOLD
$3,300,000
New York
See Similar DealsMixed-use5,700 SF
Sold 10/03/2023
SOLD
Dr. Nasrullah Khan Acquires Mixed-Use Property In Ditmas Park, Brooklyn For $3.3M
1409 Foster Avenue
See Similar DealsMixed-use5,700 SF
Sold 10/03/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$578
Total Square Footage:5,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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