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302 Irving Avenue

Updated Mar 25, 2026

Aaron Kahen & Ethan Makhany Acquire Mixed-Use Property At 302 Irving Avenue For $1M
SOLDMixed-use

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

Aaron Kahen

Buyer

$14.5M

vol

7 deals

Buyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $407 per square foot on a published $1M for 2,456 square feet (2025).

Visit Aaron Kahen to view all their deals.

Browse Brooklyn mixed use sales on Traded.

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

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