David Jacob Acquires Mixed-Use Property In Flatbush For $1.22M
1816 Nostrand Ave, Brooklyn, NY 11226, USA
$1,225,000
$37/SF
Building Size
33,000 SF
Asset Type
Mixed-use
Closing
Jan 6, 2020
About this deal
AI
A mixed-use property located at 1816 Nostrand Avenue in Flatbush has been sold for a total price of $1,225,000. The property spans 3,300 square feet and has a price per square foot of $371. It consists of two residential units and one retail unit, making it a versatile asset for potential buyers. The transaction includes a purchase price per unit of $408,333.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,225,000
- Address: 1816 Nostrand Avenue, Flatbush
- Market: Flatbush
- Square Footage: 3,300
- Price per Square Foot: $371
- Units: 2 Residential; 1 Retail
- Price per Unit: $408,333
TerraCRG, represented by Matt Cosentino and Isaiah Thomas, facilitated the transaction between seller Max Kozlowitz and buyer David Jacob. With their expertise, the deal was successfully negotiated, showcasing the professionalism and skill of TerraCRG as a brokerage agency.
On the Map
$1,225,000
$37/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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93