Hersh Richard Purchases Mixed-Use Property In Borough Park Brooklyn From David Mendelovitz For $3.4M
1265 46th Street
$3,400,000
$814/SF
Building Size
4,176 SF
Asset Type
Mixed-use
Closing
May 6, 2026
AI
A 4,176-square-foot mixed-use property located at 1265 46th Street in Borough Park, Brooklyn has been sold for $3.4 million. The asset price translates to $814 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Buyer: Hersh Richard
- Seller: David Mendelovitz
- Square Footage: 4,176
- Price Per Square Foot: $814
- Transaction Date: 05/06/2026
- Market: Borough Park, Brooklyn
The buyer, Hersh Richard, engaged in the transaction with the seller David Mendelovitz for the mixed-use asset. The deal reflects a significant investment in the Borough Park area.
Players
Brooklyn 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93