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Oren Neria Acquires Mixed-use Property From Atkinks & Breskin For $4.85M In Brooklyn

Property Image
SOLD
$4,850,000

New York

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Mixed-use45,900 SF
Sold 11/14/2024
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Property Image
SOLD

Oren Neria Acquires Mixed-use Property From Atkinks & Breskin For $4.85M In Brooklyn

2163-2171 Clarendon Road, 1123-1125 Flatbush Avenue & 2173 Clarendon Road

See Similar Deals
Mixed-use45,900 SF
Sold 11/14/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$105
Total Square Footage:45,900 SF
Transaction Type:Sale

The property asset involved in this transaction is a mixed-use development located at 2163-2171 Clarendon Road, 1123-1125 Flatbush Avenue, and 2173 Clarendon Road in the Brooklyn market. The transaction closed on 11/14/2024, with a sale price of $4,850,000 and encompassing a total square footage of 15,300, equating to a price per square foot of $316.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,850,000
  • Sale Date: 11/14/2024
  • Address: 2163-2171 Clarendon Road, 1123-1125 Flatbush Avenue & 2173 Clarendon Road
  • Market: Brooklyn
  • Square Footage: 15,300
  • Price per Square Foot: $316
  • Buyer: Oren Neria
  • Seller: Atkinks & Breskin
  • Broker: Marcel Fridman - Barcel Group

This transaction involved Oren Neria as the buyer, acquiring the property from the seller, Atkinks & Breskin. The brokerage services were provided by Marcel Fridman, representing the buyer through Barcel Group, facilitating the closing of the deal.

Players

Marcel Fridman
141 deals$451.5M volume
BROKER

Details

SOLD
IMAGE: Marcel Fridman DATE: 11/14/2024 ADDRESS: 2163-2171 Clarendon Road, 1123-1125 Flatbush Avenue & 2173 Clarendon Road MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: Oren Neria SELLER: Atkinks & Breskin BROKER: Marcel Fridman (@MF_1629) - Barcel Group (@BarcelGroups) SALE PRICE: $4,850,000 SF: 15,300 ~ PPSF: $316

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
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