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4323 Avenue D Brooklyn, NY ...

Musleh Algazali Acquires Mixed-Use Property In East Flatbush, Brooklyn For $1.3M
SOLDMixed-use

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

Brian Whelan

Ripco

Broker

$137.6M

vol

31 deals

Broker

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