Michael Barrett Acquires Flatlands Retail Property For $9.9M
2307 Flatbush Avenue, Brooklyn, New York 11234, United States
$9,900,000
$881/SF
Building Size
11,229 SF
Asset Type
Retail
Closing
Apr 13, 2022
About this deal
AI
A retail property located at 2307 Flatbush Avenue in Flatlands has been sold in a recent transaction. The property spans approximately 11,229 square feet and was sold for a total price of $9,900,000, resulting in a price per square foot of $881.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,900,000
- Address: 2307 Flatbush Avenue
- Market: Flatlands
Michael Barrett acted as the buyer in this transaction, while Gittel Bausk represented the seller. The deal was finalized on April 14, 2022.
Players
New York 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93