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
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