Sammy Aranbaev Purchases Mixed-Use Property From Delfino Family In Brooklyn For $2.75M

The property is a mixed-use asset located at 289 7th Avenue in Brooklyn, featuring 6 apartments and 1 commercial unit. The sale price was $2,750,000, with a total of 7 units. The property encompasses a square footage of 5,812, resulting in a price per square foot of $473.

Summary of transaction details:

• Property Type: Mixed-use (6 Apartments & 1 Commercial)
• Transaction Amount: $2,750,000
• Units: 7
• Price Per Unit: $392,857
• Square Footage: 5,812
• Price Per Square Foot: $473
• Buyer: Sammy Aranbaev
• Seller: Delfino Family
• Broker: John Brennan - Marcus & Millichap

This transaction was brokered by John Brennan representing the seller, Delfino Family. The deal features a 7% cap rate with a reputable retail tenant on a brand new lease. The asset has full rent collections and no deferred maintenance.