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8602 Flatlands Ave, Canarsi...

Avi Vizel Purchases Mixed-Use Property In Canarsie, Brooklyn For $890K
SOLDMixed-use

Avi Vizel Purchases Mixed-Use Property In Canarsie, Brooklyn For $890K

8602 Flatlands Ave, Canarsie, Brooklyn, NY, USA

$890,000

$138/SF

Building Size

6,416 SF

Asset Type

Mixed-use

Closing

Feb 10, 2021

AI

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

Gregory Melanson

Weber Frank Real Estate

Broker

$91.1M

vol

19 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Avi Vizel

Buyer

$2.2M

vol

2 deals

Buyer

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

17.82%

Cash-on-Cash

-5.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93