SOLDMultiFamily
Ariel Property Advisors Brokers $4.75M Sale Of Mixed-Use Property In Flatbush, Brooklyn
649 Argyle Road, Brooklyn, New York 11230, United States
$4,750,000
$261/SF
Building Size
18,144 SF
Asset Type
MultiFamily
Closing
May 3, 2022
AI
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
New York 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93