The Strulovitch Family Acquires Mixed-use Property In Williamsburg, Brooklyn For $2M
SOLD
$2,000,000
New York
See Similar DealsMixed-use2,926 SF
Sold 08/31/2022
SOLD
The Strulovitch Family Acquires Mixed-use Property In Williamsburg, Brooklyn For $2M
657 Flushing Avenue, Brooklyn, New York 11206, United States
See Similar DealsMixed-use2,926 SF
Sold 08/31/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$683
Total Square Footage:2,926 SF
Transaction Type:Sale
The mixed-use property located at 657 Flushing Avenue in Williamsburg, Brooklyn has been sold for a price of $2,000,000. The property spans 2,926 square feet, resulting in a price per square foot of $683. The transaction took place on August 31, 2022 and involved the buyer, The Strulovitch Family.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Square Footage: 2,926
- Price per Square Foot: $683
- Address: 657 Flushing Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The sale of this mixed-use property was facilitated by the brokers Lev Mavashev and Daniel Aminov from Alpha Realty. They represented the buyer, The Strulovitch Family, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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