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
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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