Jacob Kohn Of Myrtle Kent Development LLC Purchases Mixed-Use Property At 620 Myrtle Avenue For $5M
620 Myrtle Avenue
$5,000,000
$888/SF
Building Size
5,625 SF
Asset Type
Mixed-use
Closing
Jun 2, 2026
About this deal
AI
A mixed-use property at 620 Myrtle Avenue in Bedford-Stuyvesant, Brooklyn was sold for $5 million. The property spans 5,625 square feet, resulting in a price per square foot of $889.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Buyer: Jacob Kohn
- Seller: Kenneth P. Horowitz
- Market: Bedford-Stuyvesant, Brooklyn
- Square Footage: 5,625
- Price per Square Foot: $889
Jacob Kohn represented Myrtle Kent Development LLC in this transaction, acquiring the property from Kenneth P. Horowitz.
The mixed use sale at 620 Myrtle Avenue in Brooklyn, New York sold for $5M in 2026. The building is 5,625 square feet, implying about 888 per square foot on the published price. Named participants on the 620 Myrtle Avenue sale are Jacob Kohn. This page is the Brooklyn, New York file for the 620 Myrtle Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn mixed use set by closing date to see what else sold near 620 Myrtle Avenue around 2026. Published consideration for 620 Myrtle Avenue is $5M, dated 2026. Cite this Jacob Kohn Of Myrtle Kent Development LLC Purchases Mixed-Use Property At 620 Myrtle Avenue For $5M sale when underwriting similar mixed use product around Brooklyn, New York.
On the Map
$5,000,000
$888/SF
Mixed-use
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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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93