Alon Kahan Purchases Mixed-Use Property From Rivera Family In Brooklyn For $995,000
SOLD
New York
See Similar DealsMixed-use2,320 SF
Sold 01/06/2026
SOLD
Alon Kahan Purchases Mixed-Use Property From Rivera Family In Brooklyn For $995,000
607 Knickerbocker Avenue
See Similar DealsMixed-use2,320 SF
Sold 01/06/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$428
Total Square Footage:2,320 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,535.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,716.81
Annual Debt Service$56,601.69
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