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2511 Atlantic Avenue

Isaac Bakhshinazar Purchases Mixed-Use Property At 2511 Atlantic Avenue In Cypress Hills For $1.3M
SOLDMixed-use

Isaac Bakhshinazar Purchases Mixed-Use Property At 2511 Atlantic Avenue In Cypress Hills For $1.3M

2511 Atlantic Avenue

$1,300,000

$211/SF

Building Size

6,150 SF

Asset Type

Mixed-use

Closing

Jul 19, 2024

AI

The property asset involved in this transaction is a mixed-use building located at 2511 Atlantic Avenue in Cypress Hills, Brooklyn. The transaction was completed for a sale price of $1,300,000, with a total area of 6,150 square feet, resulting in a price per square foot of $211.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,300,000
  • Address: 2511 Atlantic Avenue
  • Market: Cypress Hills, Brooklyn
  • Square Footage: 6,150 SF
  • Price Per Square Foot: $211
  • Buyer: Isaac Bakhshinazar
  • Broker: Avraham Birnbaum & Shaya Rosenberg - Twelve Stones Realty

Key individuals involved in this transaction include buyer Isaac Bakhshinazar and brokers Avraham Birnbaum and Shaya Rosenberg, who represent Twelve Stones Realty in the deal. The brokers facilitated the transaction on behalf of the buyer.

Players

Avraham Birnbaum

Twelve Stones Realty

Broker

$44.7M

vol

24 deals

Broker

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93