Mark Koplowitz Acquires East Flatbush Office Building For $2.05M
SOLD
$2,050,000
New York
See Similar DealsOffice9,680 SF
Sold 08/26/2021
SOLD
Mark Koplowitz Acquires East Flatbush Office Building For $2.05M
1414 Utica Avenue, East Flatbush, Brooklyn, NY, USA
See Similar DealsOffice9,680 SF
Sold 08/26/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$211
Total Square Footage:9,680 SF
Transaction Type:Sale
The office property located at 1414 Utica Avenue in East Flatbush has been sold in a recent transaction. The property, with a total area of 9,680 square feet, is zoned for industrial use (M1-1). The sale took place on August 26, 2021, with a sale price of $2,050,000. This translates to a price per square foot of $211.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $2,050,000
- Market: East Flatbush
- Zoning: M1-1
The buyer in this transaction is Mark Koplowitz, while the seller is Kenrick Cort. The deal was facilitated by Greg Corbin and Chaya Milworn from the Rosewood Realty Group.
Players
BROKERAGE
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
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)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
Is there something missing? Send suggestions