The Strulovitch Family Acquires Mixed-use Property In Williamsburg, Brooklyn For $2M
657 Flushing Avenue, Brooklyn, New York 11206, United States
$2,000,000
$683/SF
Building Size
2,926 SF
Asset Type
Mixed-use
Closing
Aug 30, 2022
AI
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.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93