The Kahen Family Acquires Mixed-Use Property On Flatbush Ave, Brooklyn For $2.16M
930 Flatbush Avenue, Brooklyn, NY 11226, USA
$2,160,000
$400/SF
Building Size
5,400 SF
Asset Type
Mixed-use
Closing
Jun 17, 2020
AI
Located at 930 Flatbush Ave in Flatbush, Brooklyn, this mixed-use property was recently sold in a transaction closed on June 17, 2021. The property consists of 5 units with a total of 5,400 square feet. The sale price for the property was $2,160,000, resulting in a price per unit of $432,000 and a price per square foot of $400.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,160,000
- Units: 5
- Price Per Unit: $432,000
- Square Footage: 5,400
- Price Per Square Foot: $400
The buyer in this transaction was The Kahen Family, while The Yousfan Family acted as the seller. The deal was facilitated by brokers Nir Mor & David Payami from an undisclosed agency.
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
7.34%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93