Abe Strulowitz Acquires Mixed-Use Property In Williamsburg For $1.6M
745 Flushing Avenue, Brooklyn, New York 11206, United States
$1,600,000
$260/SF
Building Size
6,138 SF
Asset Type
Mixed-use
Closing
Jan 13, 2022
About this deal
AI
An mixed-use property located at 745 Flushing Ave. in Williamsburg, Brooklyn has been sold for a price of $1,600,000. The property spans 6,138 square feet and has a price per square foot of $260.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Date: 01/14/2022
- Address: 745 Flushing Ave.
- Market: Williamsburg, Brooklyn
The buyer, Abe Strulowitz, acquired the property from the seller, Hayat Ezzat. Yossi Zicherman from Workplace Realty represented the buyer in the transaction, while Kranti Bhalla from Laffey Real Estate acted as the seller's representative.
For more information about Yossi Zicherman, visit his LinkedIn profile.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93