Arthur & Lenny Vayner Acquires Marine Park Retail In $4.65M Deal
2494 Flatbush Avenue, Brooklyn, NY 11234
$4,650,000
$387/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
May 25, 2020
AI
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
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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93