The Luces Family Acquires Mixed-Use Property In Flatbush, Brooklyn For $1.35M
SOLD
$1,350,000
New York
See Similar DealsMixed-use5,100 SF
Sold 08/09/2023
SOLD
The Luces Family Acquires Mixed-Use Property In Flatbush, Brooklyn For $1.35M
1828 Nostrand Ave. Brooklyn, NY 11226, USA
See Similar DealsMixed-use5,100 SF
Sold 08/09/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$264
Total Square Footage:5,100 SF
Transaction Type:Sale
A mixed-use property located at 1828 Nostrand Avenue in the Flatbush neighborhood of Brooklyn has been sold for a price of $1,350,000. Spanning 5,100 square feet, this property offers a versatile space for various purposes. The sale price of $1,350,000 reflects a price per square foot of $265.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,350,000
- Location: 1828 Nostrand Avenue, Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
The buyer of this property is the Luces Family, while the seller is Mark Parris. Alana McIntosh from Keller Williams Realty Empire served as the broker representing both parties in this transaction. With their expertise and guidance, the deal was successfully expedited.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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