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
About this deal
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.
On the Map
$1,500,000
$370/SF
Mixed-use
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Brooklyn 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