Jonathan Roh & Seung Hyun Kim Acquire Mixed-Use Property In Flatbush For $3.95M
784 Rogers Avenue, Brooklyn, NY, USA
$3,950,000
$474/SF
Building Size
8,320 SF
Asset Type
Mixed-use
Closing
Sep 21, 2021
About this deal
AI
Three mixed-use properties located at 784, 786, and 788 Rogers Avenue in Flatbush have been sold in a transaction. The properties are zoned as R6 and C2-3, and their total square footage is 8,320. The sale was completed on 09/21/2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,950,000
- Address: 784, 786 & 788 Rogers Avenue
- Market: Flatbush
- Zoning: R6, C2-3
The buyers of the properties are Jonathan Roh and Seung Hyun Kim. On the other hand, Deergrow Developments, represented by Eli Kranz and Jay Gruen, acted as the sellers. Matthew Cosentino and Isaiah Thomas from erraCRG served as the brokers in this deal.
The price per square foot for the properties is $475.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93