Arthur Vayner & Lenny Vayner Acquire Retail Property In Mill Basin For $1.88M
SOLD
$1,880,000
New York
See Similar DealsRetail8,000 SF
Sold 11/04/2021
SOLD
Arthur Vayner & Lenny Vayner Acquire Retail Property In Mill Basin For $1.88M
2386 Flatbush Avenue, Brooklyn, NY 11234, USA
See Similar DealsRetail8,000 SF
Sold 11/04/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$235
Total Square Footage:8,000 SF
Transaction Type:Sale
Located in Mill Basin, this retail property at 2386 Flatbush Ave. has recently been sold in a closed transaction. The property spans 8,000 square feet and is situated in a bustling market. The sale price for this asset was $1,880,000, resulting in a price per square foot of $235.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,880,000
- Address: 2386 Flatbush Ave.
- Market: Mill Basin
- Square Footage: 8,000
Arthur Vayner and Lenny Vayner acted as buyers in this transaction, while Angel Ross represented the seller. Mike Sezan from Asset Commercial Realty Group served as the broker for the deal. It is worth noting that Mike Sezan was exclusively retained by Asset CRG to sell this property, which currently houses a NNN car wash tenant.
If you have similar investment interests or would like your own property appraised, please reach out to Mike Sezan at [email protected] or call 718-578-0546.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,679.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,912.16
Annual Debt Service$106,945.91
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