Stephen Manoj Acquires Mixed-Use Property From Falcone Family In Flatbush For $1.337M
3215 Church Avenue
$1,337,000
$415/SF
Building Size
3,220 SF
Asset Type
Mixed-use
Closing
Dec 17, 2025
About this deal
AI
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
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
11.86%
Cash-on-Cash
-3.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93