Eldar Rakhamimov Purchases Mixed-Use Property At 1552 Coney Island Avenue For $1.6M
1552 Coney Island Avenue
$1,600,000
$645/SF
Building Size
2,480 SF
Asset Type
Mixed-use
Closing
Apr 28, 2025
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 1552 Coney Island Avenue, situated in the Brooklyn market. The sale was executed for a price of $1,600,000 and has a total square footage of 2,480, resulting in a price per square foot of $645.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Address: 1552 Coney Island Avenue
- Market: Brooklyn
- Square Footage: 2,480
- Price Per Square Foot: $645
- Buyer: Eldar Rakhamimov
- Seller: Ahsan Tassawar
- Buyer's Representative: Michael Gammal & Charles Haber - Swift Retail Advisors
Key individuals involved in the transaction include buyer Eldar Rakhamimov and seller Ahsan Tassawar, who completed this deal with the assistance of their representative brokers, Michael Gammal and Charles Haber from Swift Retail Advisors, ensuring a successful transaction process.
On the Map
$1,600,000
$645/SF
Mixed-use
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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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93