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1467 Bedford Avenue

Bijur Family Purchases Mixed-Use Building In Brooklyn For $6,750,000 With Representations By Ian Mednick And Michael Sherman
SOLDMixed-use

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

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker

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