Louisiana Entity Kasada, LLC Acquires Retail Building In Flatlands, Brooklyn For $7.3M
2143 Flatbush Ave Brooklyn, NY 11234, USA
$7,300,000
$439/SF
Building Size
16,617 SF
Asset Type
Retail
Closing
Apr 27, 2023
About this deal
AI
A retail building located at 2143 Flatbush Avenue in Flatlands, Brooklyn has been sold for $7.3 million. The property, previously owned by BHRAGS Home Care, was purchased by Louisiana entity Kasada, LLC. The building boasts 16,617 square feet of built space and was sold at a price per square foot of $439. This marks a significant increase from the previous purchase in 2019, when BHRAGS Home Care acquired the property for $4.6 million.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $7,300,000
- Square Footage: 16,617
- Price per Square Foot: $439
- Date: 04/27/2023
- Address: 2143 Flatbush Avenue
- Market: Flatlands, Brooklyn
The buyer of the property is Rob Daigrepont Jr, while the seller is BHRAGS Home Care, represented by Roberto Samedy.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93