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Meir Babaev Acquires Mixed-Use Property In Brooklyn For $9.75M

267 Flatbush Avenue
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This Mixed-use property located in NY was sold about 6 years ago. The brokers of the deal were Adam J Hess, Dan Marks, and Daniel (Dan) Lebor

267 Flatbush Avenue in Brooklyn has been sold in a closed transaction for $9,750,000. This mixed-use property has a price per square foot of $919 and a cap rate of 4.85%.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $9,750,000
  • Price Per Square Foot: $919
  • Cap Rate: 4.85%

The seller of this property is Ben Bernstein, representing Red Sky Capital. The buyer is Meir Babaev (@meirbabaev) and the transaction was facilitated by TerraCRG. The brokers involved in the deal are Adam Hess, Dan Marks, and Dan Lebor.

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Deals
  • Location
    267 Flatbush Ave, Brooklyn, NY 11217, USA267 Flatbush Ave, Brooklyn, NY 11217, USA
  • Area
    1,979 SF1,979 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Daniel (Dan) Lebor

Daniel (Dan) Lebor

Deals37
Financed$615.4M

Dan Marks

Dan Marks

Deals39
Financed$597.5M

Agencies

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Terra CRG

Terra CRG

Agency
Deals235
Volume$2.8B

Deal Summary

DATE: 02/28/2018 IMAGE: Ben Bernstein, Adam Hess, Dan Marks, Dan Lebor and Meir Babaev (@MeirBabaev) ADDRESS: 267 Flatbush Avenue CITY: New York MARKET: Brooklyn ASSET TYPE: Mixed-Use PRICE: $9,750,000 PPSF: $919 CAP RATE: 4.85% SELLER: Ben Bernstein – Red Sky Capital BUYER: Meir Babaev @meirbabaev BROKER: TerraCRG – Adam Hess, Dan Marks and Dan Lebor

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267 Flatbush Avenue

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