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1629 Bath Avenue

Yakov Khavin Acquires Mixed-Use Property In Bath Beach, Brooklyn For $2.2M
SOLDMixed-use

Yakov Khavin Acquires Mixed-Use Property In Bath Beach, Brooklyn For $2.2M

1629 Bath Avenue

$2,200,000

$352/SF

Building Size

6,250 SF

Asset Type

Mixed-use

Closing

Dec 18, 2023

AI

A mixed-use property located at 1629 Bath Avenue in Bath Beach, Brooklyn has been sold in a recent transaction. The property spans 6,250 square feet and was sold for a total price of $2,200,000, resulting in a price per square foot of $352. The sale took place on 12/18/2023.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Sale Price: $2,200,000
  • Square Footage: 6,250
  • Price Per Square Foot: $352
  • Address: 1629 Bath Avenue, Bath Beach, Brooklyn

The buyer of the property is Yakov Khavin, while the sellers are Nancy Cambria and George Cambria. The deal was facilitated by Arsen Atbashyan of Commercial Acquisitions Inc. as the broker representing both the buyer and the sellers.

Players

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

Nancy Cambria

Seller

$3.8M

vol

2 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93