Steven Kachanian Acquires Mix-Use Property In Brooklyn For $1.75M
1641 Broadway, Brooklyn, NY 11207, USA
Building Size
6,575 SF
Asset Type
Mixed-use
Closing
May 6, 2018
AI
Adam Hajibai, Steven Kachanian, and Jacob Namdar have completed a transaction at 1641 Broadway in Brooklyn, New York. The property is a mix-use asset and was sold for a price of $1,750,000. The total square footage of the property is 6,575, resulting in a price per square foot of $266.
Summary of transaction details
- Property Type: Mix-use
- Transaction Amount: $1,750,000
- Address: 1641 Broadway, Brooklyn, New York
- Market: Brooklyn
Steven Kachanian of Klosed Properties acted as the buyer in this transaction, with representation from buyer's agents Shawn Sadaghati and Gidon Naor from GFI Realty Services LLC. The seller of the property was Walter Bayne, and their representative in the deal was Scarla Pineda from Peace Realty.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93