facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

607 Knickerbocker Avenue

Alon Kahan Purchases Mixed-Use Property From Rivera Family In Brooklyn For $995,000
SOLDMixed-use

Alon Kahan Purchases Mixed-Use Property From Rivera Family In Brooklyn For $995,000

607 Knickerbocker Avenue

$995,000

$428/SF

Building Size

2,320 SF

Asset Type

Mixed-use

Closing

Jan 5, 2026

AI

The property located at 607 Knickerbocker Avenue in Brooklyn, a mixed-use asset comprising 2 residential units and 1 retail unit, was sold for $995,000. The total square footage of the property is 2,320, resulting in a price per unit of $331,667 and a price per square foot of $429.

Summary of transation details:

  • Property Type: Mixed-use (2 Residential & 1 Retail)
  • Transaction Amount: $995,000
  • Units: 3
  • Square Footage: 2,320
  • Price Per Unit: $331,667
  • Price Per Square Foot: $429
  • Buyer: Alon Kahan
  • Seller: Rivera Family
  • Brokers: Thomas Cutting & Remi Norris - Terra CRG

The transaction was facilitated by brokers Thomas Cutting and Remi Norris from Terra CRG, representing both the buyer, Alon Kahan, and the seller, Rivera Family, in this mixed-use real estate transaction.

Players

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker
Terra CRG
Terra CRGBrokerage
Alon Kahan

Alon Kahan

Buyer

$64.6M

vol

12 deals

Buyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.94%

Cash-on-Cash

-4.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93