Platinum Realty Associates Acquires Retail Property At 833 Flatbush Avenue For $12.45M
833 Flatbush Avenue
$12,450,000
$440/SF
Building Size
28,242 SF
Asset Type
Retail
Closing
Sep 6, 2024
About this deal
AI
The property asset involved in the transaction is located at 833 Flatbush Avenue, Brooklyn. It is a retail asset spanning 28,242 square feet and was sold for a price of $12,450,000, which equates to a price per square foot of $440.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,450,000
- Address: 833 Flatbush Avenue
- Market: Brooklyn
- Square Footage: 28,242
- Price per Square Foot: $440
- Buyer: Platinum Realty Associates
- Broker Representatives: Ethan Stanton, Brendan Maddigan, Michael Mazzara & Connor McCullough - JLL
The transaction featured involvement from Platinum Realty Associates as the buyer. The brokerage team representing the parties in this deal includes Ethan Stanton, Brendan Maddigan, Michael Mazzara, and Connor McCullough from JLL, highlighting the expertise behind this retail property transaction.
On the Map
$12,450,000
$440/SF
Retail
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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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93