Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,700,000
$326/SF
MultiFamily
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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