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159 Baltic Street

Aran Scott Acquires Mixed-Use Property In Cobble Hill From Eden Ashourzadeh For $6.9M
SOLDMixed-use

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

Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker
Block Real Estate Group
Block Real Estate GroupBrokerage

Eden Ashourzadeh

Seller

$116.7M

vol

37 deals

Seller

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