Avi Vizel Purchases Mixed-Use Property In Canarsie, Brooklyn For $890K
SOLD
$890,000
New York
See Similar DealsMixed-use6,416 SF
Sold 02/11/2021
SOLD
Avi Vizel Purchases Mixed-Use Property In Canarsie, Brooklyn For $890K
8602 Flatlands Ave, Canarsie, Brooklyn, NY, USA
See Similar DealsMixed-use6,416 SF
Sold 02/11/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$138
Total Square Footage:6,416 SF
Transaction Type:Sale
Located in Canarsie, Brooklyn, the mixed-use property at 8602 Flatlands Ave. has recently changed hands in a sale transaction. The property spans a total of 6,416 square feet and was sold for a price of $890,000, resulting in a price per square foot of $138. The transaction took place on February 11, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $890,000
- Address: 8602 Flatlands Ave.
- Market: Canarsie, Brooklyn
The buyer of the property is Avi Vizel, while Yun Kim acted as the seller. The transaction was facilitated by Greg Melanson and John Barney from B6 Real Estate, who represented the parties involved in the deal.
Players
BROKERAGE
Details
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$47,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,161.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,219.05
Annual Debt Service$50,628.65
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