Maheshchand Ratanji Acquires Retail Property In Brooklyn's Flatbush For $2.45M
2239 Church Ave, Brooklyn, NY 11226, USA
$2,450,000
$263/SF
Building Size
9,307 SF
Asset Type
Retail
Closing
Nov 28, 2020
AI
A retail property located at 2239 Church Avenue in Brooklyn's Flatbush neighborhood has been sold for a price of $2,450,000. The property spans 9,307 square feet and has an additional 5,554 square feet of buildable space. The sale price per square foot is $263. The transaction involved the seller, Mimi & Ron Sasson, and the buyer, Maheshchand Ratanji.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,450,000
- Square Footage: 9,307 SF (plus 5,554 BSF)
- Sale Price per Square Foot: $263
- Address: 2239 Church Avenue, Brooklyn, Flatbush
- Market: Brooklyn, Flatbush
The sale of this retail property was facilitated by @AssetCRG, represented by Michelle Abramov and Yuriy Ustoyev.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93