Abraham Niyazov & Eli Hamra Acquire Mixed-Use Property In Brownsville For $1.06M

Nestled in the vibrant neighborhood of Brownsville, the mixed-use property at 1026 Winthrop Street recently changed hands in a closed transaction. The property boasts an impressive total square footage of 4,860, with a price per square foot of $217. The spacious interior spans 3,280 square feet, offering ample room for various purposes. The sale price of this property was finalized at $1,055,000, slightly lower than the initial asking price of $1,100,000. With a capitalization rate of 7.35%, this transaction presented a promising investment opportunity.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,055,000
• Address: 1026 Winthrop Street
• Market: Brownsville
• Building Square Footage (BSF): 4,860
• Price per BSF: $217
• Interior Square Footage (SF): 3,280
• Price per SF: $321

The acquisition was made by Abraham Niyazov and Eli Hamra, while the property was sold by Eli Friedman. Santo Rosabianca from Wire Consulting represented the buyers, with Chaim Kay from Midbrook Realty acting as the seller's representative. These real estate professionals played a crucial role in facilitating this successful transaction, ensuring a smooth and efficient process for both parties involved.