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
SOLD
$11,150,000
New York
See Similar DealsMixed-use26,400 SF
Sold
SOLD
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
See Similar DealsMixed-use26,400 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$422
Total Square Footage:26400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$594,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,613.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,856.69
Annual Debt Service$634,280.26
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