Aaron Stein Acquires Mixed-Use Property On Riverdale Avenue In Brownsville For $1.29M

A mixed-use property located at 120 Riverdale Avenue in Brownsville was recently sold. The property spans 6,000 square feet and consists of 6 units. The sale price for this transaction was $1,290,000, with a per unit price of $215,000. The price per square foot was $229. The property was initially listed for $1,375,000, indicating a discount from the asking price. The cap rate for this deal was 7.75%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,290,000
• Address: 120 Riverdale Avenue, Brownsville
• Market: Brownsville
• Units: 6
• Price per Unit: $215,000
• Square Footage: 6,000
• Price per Square Foot: $229
• Cap Rate: 7.75%

The buyer in this transaction was Aaron Stein, while Simon Marom acted as the seller. Matthew Peters from [Insert Agency Name] represented both parties as the broker.