Musleh Algazali Acquires Mixed-Use Property In East Flatbush, Brooklyn For $1.3M
SOLD
$1,300,000
New York
See Similar DealsMixed-use3,080 SF
Sold 08/28/2023
SOLD
Musleh Algazali Acquires Mixed-Use Property In East Flatbush, Brooklyn For $1.3M
4323 Avenue D Brooklyn, NY 11203, USA
See Similar DealsMixed-use3,080 SF
Sold 08/28/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$422
Total Square Footage:3,080 SF
Transaction Type:Sale
A mixed-use property located at 4323 Avenue D in East Flatbush, Brooklyn, has recently been sold for $1,300,000. Spanning a total area of 3,080 square feet, the property offers a diverse range of uses. The transaction took place on 08/28/2023, with Musleh Algazali as the buyer and Tamir Shadian as the seller. The deal was facilitated by Brian Whelan, Alix Curtin, and Jermaine Pugh of B6 Real Estate Advisors.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,300,000
- Square Footage: 3,080
- Price per Square Foot: $422
- Market: East Flatbush, Brooklyn
Brian Whelan, Alix Curtin, and Jermaine Pugh, all representing B6 Real Estate Advisors, played a crucial role in the successful completion of this transaction. Their expertise and negotiation skills ensured a smooth deal for both the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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