Updated Dec 4, 2024
Commercial Acquisitions Acquires Package Deal In Prospect Park South, Brooklyn For $4.3M
455 Coney Island Avenue, 457 Coney Island Avenue & 903 Church Avenue
$4,300,000
$115/SF
Building Size
12,447 SF
Asset Type
Package Deal
Closing
Nov 10, 2023
About this deal
AI
The package deal at 455 Coney Island Avenue, 457 Coney Island Avenue, and 903 Church Avenue in Prospect Park South, Brooklyn has been sold for $4,300,000. The total square footage of the property is 12,447, resulting in a price per square foot of $345.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $4,300,000
- Address: 455 Coney Island Avenue, 457 Coney Island Avenue & 903 Church Avenue
- Market: Prospect Park South, Brooklyn
The seller of the property is Mohuudeed Rahaman. Arsen Atbashyan from Commercial Acquisitions represented the seller as the broker in this transaction.
Brooklyn Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93