Arthur & Lenny Vayner Acquires Marine Park Retail In $4.65M Deal
SOLD
$4,650,000
New York
See Similar DealsRetail12,000 SF
Sold 05/26/2020
SOLD
Arthur & Lenny Vayner Acquires Marine Park Retail In $4.65M Deal
2494 Flatbush Avenue, Brooklyn, NY 11234
See Similar DealsRetail12,000 SF
Sold 05/26/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$387
Total Square Footage:12,000 SF
Transaction Type:Sale
An retail property located at 2494 Flatbush Avenue in Marine Park has been sold for $4,650,000. The property spans 12,000 square feet, resulting in a price per square foot of $387. The transaction involved the sale of three units.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,650,000
- Address: 2494 Flatbush Avenue
- Market: Marine Park
- Square Footage: 12,000
- Price per Square Foot: $387
- Units: 3
The seller of the property was Robert Ciardullo, while the buyers were Arthur & Lenny Vayner. The deal was facilitated by broker Greg Melanson.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47
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