Carlton Beharry Acquires Mixed Use Property In Flatbush For $2.2M
1001 Flatbush Avenue, Brooklyn, NY 11226, USA
$2,200,000
$379/SF
Building Size
5,800 SF
Asset Type
Mixed-use
Closing
Apr 17, 2019
AI
The sale of the mixed-use property located at 1001 Flatbush Ave in the Flatbush market has been completed. The transaction took place on April 18, 2019.
Summary of transaction details:
- Property Type: Mixed Use
- Sale Price: $2.2M
- Square Footage: 5,800
- Price per Square Foot: $379
- Gross Income: Delivered Vacant
- Market: Flatbush
The property was sold by Blank Property Group, represented by Sam Blank. The buyer, Carlton Beharry, has acquired the property. The deal was facilitated by Greg Corbin and Aaron Kline from Besen.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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