Marc Nabkho Acquires Mixed-Use Property In Marine Park, Brooklyn For $1.6M
SOLD
$1,600,000
New York
See Similar DealsMixed-use4,000 SF
Sold 10/10/2023
SOLD
Marc Nabkho Acquires Mixed-Use Property In Marine Park, Brooklyn For $1.6M
2124 Flatbush Avenue
See Similar DealsMixed-use4,000 SF
Sold 10/10/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$400
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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