SOLDMixed-use
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
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.
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