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1641 Broadway, Brooklyn, NY...

Steven Kachanian Acquires Mix-Use Property In Brooklyn For $1.75M
SOLDMixed-use

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

Gidon Naor

GFI Realty Services

Broker

1 deal

Broker

Adam Hajibai

Klosed Properties

Broker

$76.1M

vol

21 deals

Broker
Steven Kachanian

Steven Kachanian

Klosed Properties

Buyer

$91.9M

vol

37 deals

Buyer

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