Jean-Baptiste Acquires Mixed-Use Property In East Flatbush For $1.77M
4801 Church Avenue, Brooklyn, New York 11203, United States
$1,767,500
$310/SF
Building Size
5,700 SF
Asset Type
Mixed-use
Closing
Feb 21, 2022
About this deal
AI
Located in the East Flatbush market, the mixed-use property at 4801 Church Avenue has been sold in a recent transaction. The property spans 5,700 square feet and was purchased by Jean-Baptiste for a sale price of $1,767,500, resulting in a price per square foot of $310.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,767,500
- Address: 4801 Church Avenue
- Market: East Flatbush
The deal was facilitated by brokers Avraham Birnbaum of Twelve Stones Realty, Jonathan Francis of Aurous Realty, and Avi Eyal of FM Capital. It is worth mentioning that @TwelveStonesRealty expressed their gratitude to @AviEyal of FM Capital for swiftly securing the financing for the transaction. The sale occurred at a notable sub 4.5% cap rate.
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
8.97%
Cash-on-Cash
-2.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93