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2092 Coney Island Avenue

Oleg Krasnitskiy Purchases Mixed-Use Property At 2092 Coney Island Avenue For $1.3M
SOLDMixed-use

Oleg Krasnitskiy Purchases Mixed-Use Property At 2092 Coney Island Avenue For $1.3M

2092 Coney Island Avenue

$1,300,000

$290/SF

Building Size

4,470 SF

Asset Type

Mixed-use

Closing

Sep 20, 2024

AI

The property involved in this transaction is a mixed-use asset located at 2092 Coney Island Avenue in the Brooklyn market, encompassing a total square footage of 4,470. The sale price for this property was $1,300,000, translating to a price per square foot of $290.

Summary of transaction details:

In this transaction, Oleg Krasnitskiy acted as the buyer while Mark Vaysman served as the seller. The brokers facilitating the deal were Avraham Birnbaum and Reuben Lugassy from Twelve Stones Realty, representing the respective parties in the transaction.

Players

Avraham Birnbaum

Twelve Stones Realty

Broker

$44.7M

vol

24 deals

Broker

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93