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

Property Image
SOLD
$1,350,000
Avraham Birnbaum
Joseph L. Jemal
+ 1

New York

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Mixed-use3,260 SF
Sold 11/03/2022
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Property Image
SOLD

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

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

See Similar Deals
Mixed-use3,260 SF
Sold 11/03/2022
Avraham Birnbaum
Joseph L. Jemal
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$414
Total Square Footage:3,260 SF
Transaction Type:Sale

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
24 deals$44.7M volume
BROKER

Reuben Lugassy
11 deals$19.3M volume
BROKER

Details

SOLD
IMAGE: Avraham Birnbaum, Reuben Lugassy, Max Zelmanowitz & Joseph Jemal DATE: 11/03/2022 ADDRESS: 5302 Church Avenue MARKET: East Flatbush ASSET TYPE: Mixed-Use BUYER: Stuart Acoca SELLER: Icer Properties (@IcerProperties) - Joseph Jemal BROKERS: Avraham Birnbaum, Reuben Lugassy & Max Zelmanowitz - Twelve Stones Realty (@TwelveStonesRealty) SALE PRICE: $1,350,000 SF: 3,260 ~ PPSF: $414

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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