Gil Shenav Acquires Mixed-Use Building In Flatbush, Brooklyn For $1.6M
2018 Nostrand Avenue, Brooklyn, NY 11210, USA
$1,610,000
$322/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Jan 5, 2020
About this deal
AI
The property involved in this closed transaction is a 100% FM mixed-use building located at 2018 Nostrand Avenue in the Flatbush neighborhood of Brooklyn. It is a corner building consisting of 5 units and 1 store. The total square footage of the property is 5,000 square feet.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,610,000
- Address: 2018 Nostrand Avenue
- Market: Flatbush, Brooklyn
The seller of the property was the Fredrick Family, while the buyer was Gil Shenav. The transaction was facilitated by Marcel Fridman from Barcel Group, who represented the buyer. It is worth noting that no additional information was provided about the buyer or seller.
This transaction represents an important investment in the Flatbush neighborhood, demonstrating the continued interest and growth in the real estate market in Brooklyn.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Marcel Fridman to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.85%
Cash-on-Cash
-2.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93