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5302 Church Ave, Brooklyn, ...

Updated Oct 29, 2024

Stuart Acoca Acquires Mixed Use Property On Church Ave, Brooklyn For $1.35M
SOLDMixed-use

Stuart Acoca Acquires Mixed Use Property On Church Ave, Brooklyn For $1.35M

5302 Church Ave, Brooklyn, NY 11203, USA

$1,225,000

$375/SF

Building Size

3,260 SF

Asset Type

Mixed-use

Closing

Jun 30, 2019

About this deal

AI

Located at 5302 Church Ave, Brooklyn, NY 11203, USA, this mixed-use property in East Flatbush has been sold for $1,350,000.00. Spanning across 3,260 square feet, the property sits on the corner of Church Avenue, offering a prime location in the market. The transaction took place on 11/03/2022, with Stuart Acoca acquiring the property from Joseph Jemal, who represented Icer Properties as the seller. The deal was facilitated by brokers Avraham Birnbaum, Reuben Lugassy, and Max Zelmanowitz.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $1,350,000.00
  • Address: 5302 Church Ave, Brooklyn, NY 11203, USA
  • Market: East Flatbush
  • Buyer: Stuart Acoca
  • Seller: Joseph Jemal - Icer Properties
  • Brokers: Avraham Birnbaum, Reuben Lugassy, Max Zelmanowitz

This transaction highlights the successful collaboration between Stuart Acoca as the buyer and Joseph Jemal, representing Icer Properties, as the seller. The property's strategic location on Church Avenue, in the bustling East Flatbush market, further adds to its desirability. The involvement of brokers Avraham Birnbaum, Reuben Lugassy, and Max Zelmanowitz played a crucial role in facilitating this deal.

On the Map

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$1,225,000

$375/SF

Mixed-use

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Players

Lev Mavashev

Alpha Realty

Broker

$751.3M

vol

107 deals

Broker

Stuart Acoca

Buyer

$2.6M

vol

2 deals

Buyer
Joseph L. Jemal

Joseph L. Jemal

ICER Properties

Seller

$598.7M

vol

36 deals

Seller
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Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $375 per square foot on a published $1.2M for 3,260 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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