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725 Dean Street

Chris Riaz Purchases Mixed-Use Property In Brooklyn From Chris Oreo For $7.2M With Nathan Horne
SOLDMixed-use

Chris Riaz Purchases Mixed-Use Property In Brooklyn From Chris Oreo For $7.2M With Nathan Horne

725 Dean Street

$7,200,000

$1,440/SF

Building Size

5,000 SF

Asset Type

Mixed-use

Closing

Feb 28, 2026

AI

The asset involved in this transaction is a mixed-use property located at 725 Dean Street in Brooklyn. The sale was finalized on March 1, 2026, for a total price of $7,200,000. The property encompasses 5,000 square feet, resulting in a price per square foot of $1,440.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,200,000
  • Address: 725 Dean Street
  • Market: Brooklyn
  • Square Footage: 5,000
  • Price per Square Foot: $1,440
  • Buyer: Chris Riaz
  • Seller: Chris Oreo
  • Broker: Nathan Horne - Compass

Nathan Horne, representing the seller Chris Oreo, facilitated the sale, successfully navigating the complexities of a 1031 exchange for the buyer, Chris Riaz. Extensive research and market analysis were conducted to optimize the deal, showcasing the broker's expertise in identifying desirable properties.

Players

Nathan Horne
Verified Badge

Nathan Horne

Compass

Broker

$229.9M

vol

30 deals

Broker

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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93