Ling Yan Jiang Acquires Mixed-Use Property At 772 Flatbush Avenue Brooklyn For $1.6M
SOLD
$1,600,000
New York
See Similar DealsMixed-use4,200 SF
Sold 10/01/2025
SOLD
Ling Yan Jiang Acquires Mixed-Use Property At 772 Flatbush Avenue Brooklyn For $1.6M
772 Flatbush Avenue
See Similar DealsMixed-use4,200 SF
Sold 10/01/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$381
Total Square Footage:4,200 SF
Transaction Type:Sale
The property asset involved in this transaction is a mixed-use building located at 772 Flatbush Avenue in Brooklyn. The sale was completed for a price of $1,600,000, with a total square footage of 4,200, resulting in a price per square foot of $380.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Address: 772 Flatbush Avenue
- Market: Brooklyn
- Square Footage: 4,200
- Price per Square Foot: $380
- Buyer: Ling Yan Jiang
- Seller: Sam Spitz
- Broker: Denis Abayev - Commercial Acquisitions
The key individuals in this transaction include buyer Ling Yan Jiang and seller Sam Spitz, who engaged in the sale through broker Denis Abayev of Commercial Acquisitions representing the seller. This transaction demonstrates active participation in the Brooklyn market by these parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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