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
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