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

Property Image
SOLD
$6,900,000
Gabriel Kates

New York

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Mixed-use8,000 SF
Sold 07/30/2025
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Property Image
SOLD

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

159 Baltic Street

See Similar Deals
Mixed-use8,000 SF
Sold 07/30/2025
Gabriel Kates
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$862
Total Square Footage:8,000 SF
Transaction Type:Sale

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
59 deals$158.4M volume(508) 365-8278
BROKER

Sean Mashihi
Block Real Estate Group
46 deals$123.2M volume(917) 999-6616
BROKER

Block Real Estate Group
BROKERAGE

Details

SOLD
IMAGE: Sean Mashihi & Gabriel Kates DATE: 7/30/2025 ADDRESS: 159 Baltic Street MARKET: Cobble Hill ASSET TYPE: Mixed-use BUYER: Aran Scott SELLER: Eden Ashourzadeh BROKERS: Sean Mashihi (@SeanMashh) & Gabriel Kates (@GabeKates) - Block Real Estate Group (@BlockRealEstateGroup) ATTORNEY: Stephen S. Siminou, Esq. - Siminou & Associates, P.C. (@SiminouLaw) SALE PRICE: $6,900,000 UNITS: 8 ~ PPU: $862,500 SF: 8,000 ~ PPSF: $862

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$367,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24