Zack Blitz Purchases Mixed-Use Property At 1518 Bergen Street Brooklyn For $1.1M With Daniel Barcelowsky As The Broker
1518 Bergen Street
$1,100,000
$308/SF
Building Size
3,572 SF
Asset Type
Mixed-use
Closing
Jul 31, 2025
AI
The mixed-use property located at 1518 Bergen Street in Brooklyn features a total of 3,572 square feet and consists of 3 units. This property was sold for $1,100,000, reflecting a price per unit of $366,666 and a price per square foot of $307.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Buyer: Zack Blitz
- Seller: Daniel Gabay
- Broker: Daniel Barcelowsky - Evergreen Realty & Investments
Daniel Gabay represented the seller in this transaction, while Daniel Barcelowsky acted as the broker through Evergreen Realty & Investments, facilitating the deal on behalf of the buyer and seller.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93