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2282 Flatbush Avenue, Marin...

Jack Israel Acquires Marine Park Retail Property From John Shrigato For $635,000
SOLDRetail

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

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

Jack Israel

Buyer

$635K

vol

2 deals

Buyer

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