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
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