Jack Israel Acquires Marine Park Retail Property From John Shrigato For $635,000
2282 Flatbush Avenue, Marine Park, Brooklyn, NY, USA
$635,000
$352/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Dec 17, 2018
About this deal
AI
The retail property located at 2282 Flatbush Avenue in Marine Park, Brooklyn has been sold in a recent transaction. The property spans 1,800 square feet and was sold for a price of $635,000, resulting in a price per square foot of $352.77. The sale took place on December 18, 2018.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $635,000
- Square Footage: 1,800
- Address: 2282 Flatbush Avenue
- Market: Marine Park, Brooklyn
The seller in this transaction was John Shrigato, while the buyer was Jack Israel. The deal was facilitated by Arsen Atbashyan from the agency @carealtyinc, who acted as the broker.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
24.98%
Cash-on-Cash
-7.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93