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
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