Xiao Pan Acquires Mixed-Use Property In Brooklyn From Estate Of Michael Angelopoulos For $2.35M
6602 17th Avenue & 6604 17th Avenue
$2,350,000
$233/SF
Building Size
7,280 SF
Asset Type
Mixed-use
Closing
Jan 12, 2026
About this deal
AI
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.
On the Map
$2,350,000
$233/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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93