Shee Chun Lee & James Oh Lee Acquire Mixed-Use Property On Flatbush Ave. From Aron Forem For $4.1M
752 Flatbush Ave, Brooklyn, NY 11226, USA
$4,100,000
$286/SF
Building Size
14,336 SF
Asset Type
Mixed-use
Closing
Apr 9, 2020
AI
The mixed-use property located at 752-754 Flatbush Ave. in the Flatbush market has been sold for a price of $4,100,000. The property spans across 14,336 square feet, resulting in a price per square foot of $258. This transaction involved the sale of four units.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $4,100,000
- Address: 752-754 Flatbush Ave.
- Market: Flatbush
- BSF: 14,336
- PPBSF: $258
- Units: 4
The buyers of the property were Shee Chun Lee and James Oh Lee, while the seller was Aron Forem.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93