Arthur And Lenny Vayner Acquire Retail Property In Mill Basin, Brooklyn For $1.1M
2384 Flatbush Avenue, Brooklyn, New York 11234, United States
$1,100,000
$366/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jun 21, 2022
AI
Located at 2384 Flatbush Ave in Mill Basin, Brooklyn, this retail property was recently sold in a closed transaction. Mike Sezan, a representative from Asset CRG Advisors, brokered the deal.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,100,000
- Square Footage: 3,000
- Price per Square Foot: $366
The buyer of this property is Arthur Vayner and Lenny Vayner, while the seller is Michael Patti. The transaction was facilitated by Mike Sezan from Asset CRG Advisors.
Additional information from @AssetCRG states that the property is a 3,000 sqft building situated on a 5,000 sqft lot. It also comes with parking spaces for 5 vehicles. Mike Sezan, who previously brokered the adjacent property, has more investment opportunities available.
If you are interested in leasing this property, you can contact @718sezan or email [email protected] for more information.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93