Musleh Algazali Acquires Mixed-Use Property In East Flatbush, Brooklyn For $1.3M
4323 Avenue D Brooklyn, NY 11203, USA
$1,300,000
$422/SF
Building Size
3,080 SF
Asset Type
Mixed-use
Closing
Aug 28, 2023
AI
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.
Players
Market 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93