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1828 Nostrand Ave. Brooklyn...

The Luces Family Acquires Mixed-Use Property In Flatbush, Brooklyn For $1.35M
SOLDMixed-use

The Luces Family Acquires Mixed-Use Property In Flatbush, Brooklyn For $1.35M

1828 Nostrand Ave. Brooklyn, NY 11226, USA

$1,350,000

$264/SF

Building Size

5,100 SF

Asset Type

Mixed-use

Closing

Aug 9, 2023

AI

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.

Players

Alana McIntosh

Keller Williams Realty

Broker

$3.3M

vol

4 deals

Broker

Market 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93