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930 Flatbush Avenue, Brookl...

The Kahen Family Acquires Mixed-Use Property On Flatbush Ave, Brooklyn For $2.16M
SOLDMixed-use

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

Nir Mor

Hanover Capital

Broker

$160.9M

vol

20 deals

Broker

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