Stephen Manoj Acquires Mixed-Use Property From Falcone Family In Flatbush For $1.337M
SOLD
$1,337,000
+ 1
New York
See Similar DealsMixed-use3,220 SF
Sold 12/18/2025
SOLD
Stephen Manoj Acquires Mixed-Use Property From Falcone Family In Flatbush For $1.337M
3215 Church Avenue
See Similar DealsMixed-use3,220 SF
Sold 12/18/2025
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$415
Total Square Footage:3,220 SF
Transaction Type:Sale
A mixed-use property located at 3215 Church Avenue in Flatbush, Brooklyn has been sold for $1,337,000. The property spans a total of 3,220 square feet, equating to a price per square foot of $415.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,337,000
- Address: 3215 Church Avenue
- Market: Flatbush, Brooklyn
- Square Footage: 3,220
- Price per Square Foot: $415
- Buyer: Stephen Manoj
- Seller: Falcone Family
- Brokers: Shaun Riney, Andrew Bronsteen, Daniel Greenblatt & Julian Perla - Marcus & Millichap
This transaction involved multiple brokers representing both the buyer and seller, with Shaun Riney, Andrew Bronsteen, Daniel Greenblatt, and Julian Perla from Marcus & Millichap facilitating the deal. Their involvement highlights the collaborative efforts in closing this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$71,306.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,750.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,338.06
Annual Debt Service$76,056.75
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