Mitch Ahdoot & Rayan Kaydanian Of GDB Modern Homes Acquire Mixed-Use Property In Brooklyn For $1.575M
700 Evergreen Avenue
$1,575,000
$630/SF
Building Size
2,500 SF
Asset Type
Mixed-use
Closing
Mar 22, 2026
About this deal
AI
A mixed-use property located at 700 Evergreen Avenue in Brooklyn was sold in a closed transaction. The sale price of the property was $1,575,000, encompassing a total of 2,500 square feet. The property consists of 4 units, leading to a price per unit of $393,750 and a price per square foot of $630.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,575,000
- Units: 4
- Price per Unit: $393,750
- Square Footage: 2,500
- Price per Square Foot: $630
- Buyer: Mitch Ahdoot & Rayan Kaydanian - GDB Modern Homes
- Seller: Emilio Torres Jr & Teresita Torres
- Date of Transaction: 3/23/2026
The transaction was facilitated by Mitch Ahdoot and Rayan Kaydanian representing GDB Modern Homes, who acted as the buyers in this deal. The sellers, Emilio Torres Jr and Teresita Torres, were involved in the transaction as the property owners transferring ownership.
On the Map
$1,575,000
$630/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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93