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
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