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5302 Church Avenue, Brookly...

Stuart Acoca Acquires Mixed-Use Property In East Flatbush For $1.35M
SOLDMixed-use

Stuart Acoca Acquires Mixed-Use Property In East Flatbush For $1.35M

5302 Church Avenue, Brooklyn, New York 11203, United States

$1,350,000

$414/SF

Building Size

3,260 SF

Asset Type

Mixed-use

Closing

Nov 2, 2022

AI

Located in East Flatbush, the mixed-use property at 5302 Church Avenue has recently been sold for a price of $1,350,000. Spanning across 3,260 square feet, the property was sold by Icer Properties, represented by Joseph Jemal, and purchased by Stuart Acoca. The transaction was facilitated by brokers Avraham Birnbaum, Reuben Lugassy, and Max Zelmanowitz from Twelve Stones Realty. The property offers a price per square foot of $414.

Summary of transation details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,350,000
  • Address: 5302 Church Avenue
  • Market: East Flatbush
  • Buyer: Stuart Acoca
  • Seller: Icer Properties - Joseph Jemal
  • Brokers: Avraham Birnbaum, Reuben Lugassy, and Max Zelmanowitz - Twelve Stones Realty
  • Size: 3,260 square feet
  • Price per Square Foot: $414

Avraham Birnbaum, Reuben Lugassy, and Max Zelmanowitz from Twelve Stones Realty played a crucial role in facilitating the transaction, representing both the buyer and seller. This deal marks a successful transaction in the East Flatbush market, showcasing the demand for mixed-use properties in the area.

Players

Avraham Birnbaum

Twelve Stones Realty

Broker

$44.7M

vol

24 deals

Broker

Stuart Acoca

Buyer

$2.6M

vol

2 deals

Buyer

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93