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649 Argyle Road, Brooklyn, ...

Ariel Property Advisors Brokers $4.75M Sale Of Mixed-Use Property In Flatbush, Brooklyn
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

Victor Sozio, Shimon Shkury, and Lawrence Sarn from Ariel Property Advisors represented the parties involved in the transaction.

Players

Shimon Shkury

Ariel Property Advisors

Broker

$1.7B

vol

55 deals

Broker

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