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
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
15.94%
Cash-on-Cash
-4.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93