Morris Bailey Purchases Retail Property At 2323 Flatbush Ave For $3 Million With Broker John Oliveri
2323 Flatbush Ave
$3,000,000
$3,000/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 1, 2010
About this deal
AI
The property involved in this transaction is a retail asset located at 2323 Flatbush Ave in the Flatbush market. The transaction was completed for a price of $3,000,000.00 and encompasses a total square footage of 1,000.0 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000.00
- Address: 2323 Flatbush Ave
- Market: Flatbush
- Square Footage: 1,000.0
- Buyer: Morris Bailey
- Broker: John Oliveri
The deal was facilitated by John Oliveri, representing the interests of the buyer, Morris Bailey. The transaction marks a notable event in the Flatbush retail market, highlighting active real estate engagement in the area.
On the Map
$3,000,000
$3,000/SF
Retail
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Flatbush 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93