Flatbush Volunteers - Hatzoloh Acquires Mixed-Use Property On Flatlands Avenue For $1.4M
3502 Flatlands Avenue, Brooklyn, New York 11234, United States
$1,400,000
$564/SF
Building Size
2,480 SF
Asset Type
Mixed-use
Closing
Jul 26, 2022
About this deal
AI
The mixed-use property located at 3502 Flatlands Avenue in Marine Park was recently sold for $1,400,000. The property spans 2,480 square feet, resulting in a price per square foot of $564.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,400,000
- Date: 07/27/2022
- Address: 3502 Flatlands Avenue
- Market: Marine Park
- Buyer: Flatbush Volunteers - Hatzoloh
- Seller: Joseph Lebowits - Joseph Lebowits
The buyer in this transaction was Flatbush Volunteers - Hatzoloh, while the seller was Joseph Lebowits - Joseph Lebowits.
Players
New York 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93