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Jeff Sutton Of Wharton Properties Acquires Mixed-Use Asset In Brighton Beach For $5.2M
SOLD
$5,200,000
New York
See Similar DealsMixed-use4,199 SF
Sold 04/27/2026
SOLD
Jeff Sutton Of Wharton Properties Acquires Mixed-Use Asset In Brighton Beach For $5.2M
614 Brighton Beach Avenue
See Similar DealsMixed-use4,199 SF
Sold 04/27/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,238
Total Square Footage:4,199 SF
Transaction Type:Sale
A mixed-use asset located at 614 Brighton Beach Avenue in Brighton Beach, Brooklyn, was sold for $5.2 million. The property encompasses 4,199 square feet, resulting in a price per square foot of $1,238.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,200,000
- Square Footage: 4,199 SF
- Price Per Square Foot: $1,238
- Seller: Seth Rubinstein & Ira Rubinstein
- Buyer: Jeff Sutton
- Buyer’s Company: Wharton Properties
- Sale Date: 04/27/2026
Jeff Sutton, representing Wharton Properties, has made an entry into the Brighton Beach market through this acquisition from sellers Seth and Ira Rubinstein.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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