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1056 Rogers Avenue

Arthur Koptiev Acquires Mixed-Use Building In Flatbush, Brooklyn For $1.7M
SOLDMultiFamily

Arthur Koptiev Acquires Mixed-Use Building In Flatbush, Brooklyn For $1.7M

1056 Rogers Avenue

$1,700,000

$326/SF

Building Size

5,200 SF

Asset Type

MultiFamily

Closing

Dec 6, 2023

AI

Matthews Real Estate Investment Services has successfully closed a corner mixed-use building located at 1056 Rogers Avenue in Flatbush, Brooklyn. The property, with a total square footage of 5,200, was sold for a price of $1,700,000, equating to a price per square foot of $326.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,700,000
  • Address: 1056 Rogers Avenue
  • Market: Flatbush, Brooklyn

The buyer of the property is Arthur Koptiev, while the seller is Gerard Napolitano. The transaction was facilitated by the team of brokers consisting of Jermaine Pugh, DJ Johnston, Bryan Kirk, Bobby Lawrence, and Henry Hill, all representing Matthews Real Estate Investment Services.

If you own a similar property or have any questions regarding this sale, please reach out to Jermaine Pugh at [email protected] or call/text 201-850-0762.

Players

Bobby Lawrence

Matthews

Broker

$80.7M

vol

25 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93