Bijur Family Purchases Mixed-Use Building In Brooklyn For $6,750,000 With Representations By Ian Mednick And Michael Sherman
1467 Bedford Avenue
$6,750,000
$743/SF
Building Size
9,078 SF
Asset Type
Mixed-use
Closing
May 11, 2026
AI
The property asset involved in the transaction is a mixed-use building located at 1467 Bedford Avenue in Brooklyn. The sale price for this asset was $6,750,000, featuring 12 units with a price per unit of $562,500. The total square footage of the building is 9,078, which translates to a price per square foot of $743.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,750,000
- Units: 12
- Price Per Unit: $562,500
- Square Feet: 9,078
- Price Per Square Foot: $743
- Buyer: Bijur Family
- Seller: New Urban Capital Partners
- Buyer's Representative: Ian Mednick - Compass
- Seller's Representative: Michael Sherman - Baseline Real Estate Advisors
Key individuals involved in the transaction include Ian Mednick, representing the buyer, Bijur Family, through the agency Compass. The seller, New Urban Capital Partners, was represented by Michael Sherman from Baseline Real Estate Advisors, facilitating the deal's progress.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93