Jesse Gomez Acquires Mixed-use Property In Brooklyn From Alexander Kaushansky For $2.15M
654 Flatbush Avenue, Brooklyn, NY 11225
$2,150,000
$527/SF
Building Size
4,080 SF
Asset Type
Mixed-use
Closing
Nov 16, 2021
About this deal
AI
A mixed-use property located at 654 Flatbush Avenue in Brooklyn has been sold for a price of $2,150,000. The property, with a total square footage of 4,080, is situated in a market characterized by a zoning classification of R7-1 and C1-3. The sale was completed on November 16, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,150,000
- Address: 654 Flatbush Avenue, Brooklyn
- Market: Brooklyn
- Zoning: R7-1, C1-3
Jesse Gomez has acquired the property from Alexander Kaushansky. The transaction was facilitated by Denis Abayev from the agency Commercial Acquisitions.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93