Aaron Kahen & Ethan Makhany Acquire Mixed-Use Property At 302 Irving Avenue For $1M
302 Irving Avenue
$1,000,000
$407/SF
Building Size
2,456 SF
Asset Type
Mixed-use
Closing
Dec 16, 2025
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 302 Irving Avenue in Brooklyn. The sale price for this property was $1,000,000, with a total square footage of 2,456, resulting in a price per square foot of $407.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,000,000
- Address: 302 Irving Avenue
- Market: Brooklyn
- Square Footage: 2,456
- Price per Square Foot: $407
- Buyer: Aaron Kahen & Ethan Makhany - KP Developers & Chen Family
- Seller: Ferrara family
The deal featured key individuals including buyers Aaron Kahen and Ethan Makhany, who are associated with KP Developers and the Chen Family. The sellers of the property are identified as the Ferrara family. The buyers note that they are actively expanding and have provided contact information for further opportunities.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93