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115 Saint Nicholas Avenue

James Grasso & Simon Elyakim Acquire Mixed-Use Property In Brooklyn For $1.6M
SOLDMixed-use

James Grasso & Simon Elyakim Acquire Mixed-Use Property In Brooklyn For $1.6M

115 Saint Nicholas Avenue

$1,600,000

$517/SF

Building Size

3,090 SF

Asset Type

Mixed-use

Closing

Jun 23, 2026

AI

The mixed-use property located at 115 Saint Nicholas Avenue in Brooklyn was sold for $1,600,000. This asset comprises 2 units with a total square footage of 3,090, which equates to a price per unit of $800,000 and a price per square foot of $517.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,600,000
  • Buyer: James Grasso & Sy Elyakim
  • Seller: Mie Mie San
  • Broker: Lilia Garous - The Garous Group
  • Units: 2
  • Square Footage: 3,090
  • Price Per Unit: $800,000
  • Price Per Square Foot: $517

Cohabs, represented by James Grasso and Sy Elyakim, is actively seeking vacant, free-market properties in neighborhoods including Williamsburg, Greenpoint, Bushwick, Clinton Hill, Fort Greene, Park Slope, Prospect Heights, Gowanus, Carroll Gardens, and Downtown. Interested parties can reach them through [email protected] or [email protected], or by calling/texting 917-749-1845.

Players

Lilia Garous

The Garous Group

Broker
Broker
James Grasso

James Grasso

Buyer

$39.6M

vol

11 deals

Buyer

Mie Mie San

Seller

$1.6M

vol

1 deal

Seller

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93