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
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.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93