Saad Family Acquires Mixed-Use Property From Stern Family In Brooklyn For $1.375M
1612 Nostrand Avenue
$1,375,000
$440/SF
Building Size
3,120 SF
Asset Type
Mixed-use
Closing
Nov 12, 2025
AI
The asset involved in this transaction is a mixed-use property located at 1612 Nostrand Avenue in Brooklyn. The transaction was completed on November 13, 2025, with a sale price of $1,375,000. This asset comprises 4 units and has a total square footage of 3,120, resulting in a price per unit of $343,750 and a price per square foot of $440.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,375,000
- Units: 4
- Square Footage: 3,120
- Price Per Unit: $343,750
- Price Per Square Foot: $440
- Buyer: Saad Family
- Seller: Stern Family
- Broker: Marcel Fridman - Barcel Group
The transaction was guided by broker Marcel Fridman from Barcel Group, representing the interests of the buyer, Saad Family, in this closed property transaction involving the seller, Stern Family.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93