BK Developers Acquires Marine Park Retail Property For $12.26M With Brokers Amit Doshi & Shallini Mehra
SOLD
$12,260,000
New York
See Similar DealsRetail36,600 SF
Sold 05/12/2022
SOLD
BK Developers Acquires Marine Park Retail Property For $12.26M With Brokers Amit Doshi & Shallini Mehra
2484 Flatbush Avenue, Brooklyn, New York 11234, United States
See Similar DealsRetail36,600 SF
Sold 05/12/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$335
Total Square Footage:36,600 SF
Transaction Type:Sale
The retail property located at 2484-2488 Flatbush Avenue, 4202-4204, 4206-4208, 4101-4103, 4105-4107 & 4113-4123 Avenue U in Marine Park has been sold for a total of $12,260,000. The property spans approximately 36,600 square feet and was purchased by BK Developers from the Forman Family. The sale price translates to a price per square foot of $334.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,260,000
- Square Footage: 36,600
- Buyer: BK Developers
- Seller: Forman Family
The transaction was facilitated by brokers Amit Doshi and Shallini Mehra from Meridian Capital Group.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$653,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,557.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,118.65
Annual Debt Service$697,423.86
Is there something missing? Send suggestions