Xiao Pan Acquires Mixed-Use Property In Brooklyn From Estate Of Michael Angelopoulos For $2.35M
SOLD
$2,350,000
New York
See Similar DealsMixed-use10,080 SF
Sold 01/13/2026
SOLD
Xiao Pan Acquires Mixed-Use Property In Brooklyn From Estate Of Michael Angelopoulos For $2.35M
6602 17th Avenue & 6604 17th Avenue
See Similar DealsMixed-use10,080 SF
Sold 01/13/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$233
Total Square Footage:10,080 SF
Transaction Type:Sale
The mixed-use property located at 6602 17th Avenue & 6604 17th Avenue in Brooklyn was sold for $2,350,000. The asset spans 7,280 square feet, resulting in a price per square foot of $322.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,350,000
- Address: 6602 17th Avenue & 6604 17th Avenue
- Market: Brooklyn
- Square Footage: 7,280
- Price Per Square Foot: $322
- Buyer: Xiao Pan
- Seller: Estate of Michael Angelopoulos
- Brokers: Joseph Gallo & Robert Nixon - Prendamano Real Estate
The transaction involved buyer Xiao Pan acquiring the property from the Estate of Michael Angelopoulos, with representation from brokers Joseph Gallo and Robert Nixon at Prendamano Real Estate.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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