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169 Irving Avenue

Saad Family Purchases Mixed-Use Building From Eckstein Family For $3.315M In Brooklyn
SOLDMixed-use

Saad Family Purchases Mixed-Use Building From Eckstein Family For $3.315M In Brooklyn

169 Irving Avenue

$3,315,000

$613/SF

Building Size

5,400 SF

Asset Type

Mixed-use

Closing

Dec 22, 2025

AI

A mixed-use property located at 169 Irving Avenue in Brooklyn was sold for $3,315,000. The asset spans 5,400 square feet, with a price per unit of $663,000 and a price per square foot of $613. The property consists of 5 units.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,315,000
  • Buyer: Saad Family
  • Seller: Eckstein Family
  • Broker: Marcel Fridman - Barcel Group

The transaction involved the Saad Family purchasing the property from the Eckstein Family, facilitated by broker Marcel Fridman of Barcel Group. Key players in this deal have successfully completed the property transfer, emphasizing their roles without revisiting previously stated details.

Players

Marcel Fridman

Barcel Group

Broker

$451.5M

vol

141 deals

Broker
Barcel Group
Barcel GroupBrokerage

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

4.79%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93