Justin Rofeim Acquires Mixed-Use Property At 201 Irving Avenue Brooklyn For $1.2M
201 Irving Avenue
$1,200,000
$235/SF
Building Size
5,100 SF
Asset Type
Mixed-use
Closing
May 14, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 201 Irving Avenue in Brooklyn. It was sold for $1,200,000, featuring 5,100 square feet of space, which translates to a price per square foot of $235.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Address: 201 Irving Avenue
- Market: Brooklyn
- Square Footage: 5,100
- Price per Square Foot: $235
- Buyer: Justin Rofeim
- Seller: Wan Yan Lam
- Brokers: Shaun Riney, Michael (Mike) Salvatico & Vincent Tomaselli - Marcus & Millichap
The transaction involved key individuals such as buyer Justin Rofeim and seller Wan Yan Lam. The deal was facilitated by brokers Shaun Riney, Michael (Mike) Salvatico, and Vincent Tomaselli, representing the respective interests of the buyer and seller under Marcus & Millichap.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93