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772 Flatbush Avenue

Ling Yan Jiang Acquires Mixed-Use Property At 772 Flatbush Avenue Brooklyn For $1.6M
SOLDMixed-use

Ling Yan Jiang Acquires Mixed-Use Property At 772 Flatbush Avenue Brooklyn For $1.6M

772 Flatbush Avenue

$1,600,000

$381/SF

Building Size

4,200 SF

Asset Type

Mixed-use

Closing

Sep 30, 2025

AI

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.

Players

Denis Abayev

Commercial Acquisitions

Broker

$33.9M

vol

22 deals

Broker
Commercial Acquisitions
Commercial AcquisitionsBrokerage

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93