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2384 Flatbush Avenue, Brook...

Arthur And Lenny Vayner Acquire Retail Property In Mill Basin, Brooklyn For $1.1M
SOLDRetail

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

Mike Sezan

Asset CRG Advisors

Broker

$117.6M

vol

17 deals

Broker

Arthur Vayner

Buyer

$17.4M

vol

6 deals

Buyer

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