Simkho Aranbayev Acquires Retail Property At 610 Utica Avenue From Michele Aditya For $2.2M
610 Utica Avenue
$2,200,000
$647/SF
Building Size
3,400 SF
Asset Type
Retail
Closing
May 6, 2025
About this deal
AI
A retail property located at 610 Utica Avenue in East Flatbush, Brooklyn has been sold for $2,200,000. The asset spans 3,400 square feet, resulting in a price per square foot of approximately $647. The total building size is 26,662 square feet, translating to a price per building square foot of about $83.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Buyer: Simkho Aranbayev
- Seller: Michele Aditya
- Buyer’s LLC: 98 Metro Ik LLC
- Seller’s LLC: Roama LLC
Simkho Aranbayev conducted the transaction through 98 Metro Ik LLC, acquiring the property from Michele Aditya, who represented the asset through Roama LLC.
Players
Brooklyn 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93