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731 Flatbush Avenue

Julie Elizabeth Acquires Mixed-Use Property In Prospect Lefferts Garden For $1.5M
SOLDMixed-use

Julie Elizabeth Acquires Mixed-Use Property In Prospect Lefferts Garden For $1.5M

731 Flatbush Avenue

$1,500,000

$370/SF

Building Size

4,050 SF

Asset Type

Mixed-use

Closing

Mar 13, 2023

AI

The mixed-use property located at 731 Flatbush Avenue in Prospect Lefferts Garden has been sold in a recent transaction. The property spans 4,050 square feet and was sold for $1,500,000, resulting in a price per square foot of $370.

Summary of transation details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,500,000
  • Square Footage: 4,050

The buyer of the property is Julie Elizabeth, while the seller is Jackson Hoo. The deal was facilitated by Erik Rodriguez of Rodriguez Commercial Realty, who represented both parties in the transaction.

Players

Erik Rodriguez

Rodriguez Commercial Realty

Broker

$46.3M

vol

19 deals

Broker

Market 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93