Marc Nabkho Acquires Mixed-Use Property In Marine Park, Brooklyn For $1.6M
2124 Flatbush Avenue
$1,600,000
$400/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Oct 10, 2023
AI
The mixed-use property located at 2124 Flatbush Avenue in Marine Park, Brooklyn has been sold for $1,600,000. The property spans 4,000 square feet and has a price per square foot of $400.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Square Footage: 4,000
- Price Per Square Foot: $400
- Address: 2124 Flatbush Avenue, Marine Park, Brooklyn
The buyer, Marc Nabkho, made the purchase from the seller, Isac Faineh. The transaction was facilitated by Vadim Atbashyan of Commercial Acquisitions Realty, who represented both parties as the 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93