Jonathan Roh & Seung Hyun Kim Acquire Mixed-Use Property In Flatbush For $3.95M
SOLD
$3,950,000
New York
See Similar DealsMixed-use8,320 SF
Sold 09/21/2021
SOLD
Jonathan Roh & Seung Hyun Kim Acquire Mixed-Use Property In Flatbush For $3.95M
784 Rogers Avenue, Brooklyn, NY, USA
See Similar DealsMixed-use8,320 SF
Sold 09/21/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$474
Total Square Footage:8,320 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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