Judy Swimer & Faigy Fischman Purchase Retail Building In East Flatbush For $5M
600 Utica Avenue
$5,000,000
$1,250/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
May 30, 2024
About this deal
AI
The retail building at 600 Utica Avenue in East Flatbush, Brooklyn was sold for $5 million. The property consists of 4,000 square feet of built space and includes additional air rights for future development.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 600 Utica Avenue
- Market: East Flatbush, Brooklyn
- Buyer: Judy Swimer & Faigy Fischman
- Seller: Leslie Spodek
- BSF: 34,282
- PPBSF: $146
- SF: 4,000
- PPSF: $1,250
Judy Swimer and Faigy Fischman, operating through Ff1632 LLC, were the buyers in the transaction for the retail building at 600 Utica Avenue. They acquired the property in East Flatbush, Brooklyn, solidifying their investment portfolio in the area.
On the Map
$5,000,000
$1,250/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93