Matt Khatamov Sells Mixed-Use Property In E. Flatbush For $1.4M
4301 Church Ave, East Flatbush, Brooklyn, NY, USA
$1,400,000
$406/SF
Building Size
3,446 SF
Asset Type
Mixed-use
Closing
Mar 6, 2019
About this deal
AI
A mixed-use property located at 4301 Church Ave in the E. Flatbush market has been sold for $1.4 million. The property spans 3,446 square feet, resulting in a price per square foot of $406. The transaction took place on March 7, 2019. The property was delivered vacant.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $1.4 million
- Address: 4301 Church Ave
- Market: E. Flatbush
- Seller: Matt Khatamov
- Buyer: Salmir Hot
- Seller's Rep: Michelle Rosado & Nicholas Khmel
Michelle Rosado and Nicholas Khmel represented Matt Khatamov in the sale of the property. No further details about the transaction or the individuals involved were provided.
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