Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $11,150,000 sale for two mixed-use properties located in Brooklyn, NY
226 7th Avenue & 400 7th Avenue
$11,150,000
$422/SF
Building Size
26,400 SF
Asset Type
Mixed-use
Closing
Mar 6, 2026
AI
A mixed-use property located at 226 7th Avenue & 400 7th Avenue in Brooklyn has been sold. The transaction was completed for a total of $11,150,000, equating to a price per square foot of $845 for a total area of 13,200 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,150,000
- Square Footage: 13,200
- Price per Square Foot: $845
- Buyer: Black Bear Asset Management
- Buyer's Representative: Bryan Manz, David Michalski & Robert Serra - Black Bear Capital Partners
- Transaction Date: 3/6/2026
The deal was facilitated by key individuals from Black Bear Capital Partners, who represented Black Bear Asset Management in this transaction, demonstrating a collaborative effort in the acquisition process.
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
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93