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Joel Brach Acquires Mixed-Use Property In New York City From Redsky Capital For $11.6M

Property Image
SOLD
$11,600,000
Ben Khakshoor
Aaron Jungreis
+ 1

New York

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Mixed-use10,445 SF
Sold 03/30/2023
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Property Image
SOLD

Joel Brach Acquires Mixed-Use Property In New York City From Redsky Capital For $11.6M

357 Flatbush Avenue

See Similar Deals
Mixed-use10,445 SF
Sold 03/30/2023
Ben Khakshoor
Aaron Jungreis
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,110
Total Square Footage:10,445 SF
Transaction Type:Sale

A mixed-use property located at 357 Flatbush Avenue in the vibrant market of New York City has been sold for a total price of $11,600,000. The property spans across 10,445 square feet, resulting in a price per square foot of $1,111. The transaction took place on March 30, 2023.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $11,600,000
  • Square Footage: 10,445
  • Price per Square Foot: $1,111
  • Address: 357 Flatbush Avenue, New York City

In this deal, the buyer was Joel Brach, while the seller was Redsky Capital. The transaction was facilitated by Aaron Jungreis, Alex Fuchs, and Ben Khakshoor of Rosewood Realty Group, acting as the brokers. Their expertise and negotiation skills contributed to the successful completion of the sale.

Players

Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER

Ben Khakshoor
Rosewood Realty Group
132 deals$1.9B volume(212) 359-9913
BROKER

Alex Fuchs
Rosewood Realty Group
100 deals$1.9B volume
BROKER


RedSky Capital
SELLER

Details

SOLD
IMAGE: Aaron Jungreis, Ben Khakshoor & Alex Fuchs DATE: 03/30/2023 ADDRESS: 357 Flatbush Avenue MARKET: New York City ASSET TYPE: Mixed-Use BUYER: Joel Brach SELLER: Redsky Capital BROKERS: Aaron Jungreis (@Aaronjungreis), Alex Fuchs (@AlexFuchs1), Ben Khakshoor (@BenKhak) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $11,600,000 SF: 10,445 ~ PPSF: $1,111

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Debt Service Coverage Ratio (DSCR)

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