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
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