Ariel Property Advisors Brokers $4.75M Sale Of Mixed-Use Property In Flatbush, Brooklyn
SOLD
$4,750,000
New York
See Similar DealsMultiFamily18,144 SF
Sold 05/04/2022
SOLD
Ariel Property Advisors Brokers $4.75M Sale Of Mixed-Use Property In Flatbush, Brooklyn
649 Argyle Road, Brooklyn, New York 11230, United States
See Similar DealsMultiFamily18,144 SF
Sold 05/04/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$261
Total Square Footage:18,144 SF
Transaction Type:Sale
A mixed-use property located at 649 Argyle Road in Flatbush, Brooklyn has been sold for $4,750,000. The property spans 18,150 square feet and has a price per square foot of $261.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,750,000
- Address: 649 Argyle Road, Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
- Brokers: Victor Sozio, Shimon Shkury & Lawrence Sarn - Ariel Property Advisors
Victor Sozio, Shimon Shkury, and Lawrence Sarn from Ariel Property Advisors represented the parties involved in the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
Is there something missing? Send suggestions