Aran Scott Acquires Mixed-Use Property In Cobble Hill From Eden Ashourzadeh For $6.9M
159 Baltic Street
$6,900,000
$862/SF
Building Size
8,000 SF
Asset Type
Mixed-use
Closing
Jul 29, 2025
AI
The property asset involved in the transaction is a mixed-use building located at 159 Baltic Street in the Cobble Hill market. The property was sold for $6,900,000 and consists of 8 units. The total square footage of the asset is 8,000, with a price per unit of $862,500 and a price per square foot of $862.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,900,000
- Units: 8
- Square Footage: 8,000
- Price per Unit: $862,500
- Price per Square Foot: $862
- Buyer: Aran Scott
- Seller: Eden Ashourzadeh
- Brokers: Sean Mashihi & Gabriel Kates - Block Real Estate Group
- Attorney: Stephen S. Siminou, Esq. - Siminou & Associates, P.C.
The deal featured the representation of both the buyer and the seller by their respective brokers, Sean Mashihi and Gabriel Kates from Block Real Estate Group, while the legal aspects of the transaction were managed by attorney Stephen S. Siminou, Esq. from Siminou & Associates, P.C.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93