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784 Rogers Avenue, Brooklyn...

Jonathan Roh & Seung Hyun Kim Acquire Mixed-Use Property In Flatbush For $3.95M
SOLDMixed-use

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

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

Isaiah Thomas

Matheos Realty Group

Broker

$76.9M

vol

17 deals

Broker

Eli Kranz

Deergrow Developments

Seller

$15M

vol

4 deals

Seller
DD
Deergrow DevelopmentsSeller

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