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726 Cleveland St, Brooklyn,...

Ahmed Kassim Acquires Mixed-Use Property On Cleveland St. In Brooklyn For $2.8M
SOLDMixed-use

Ahmed Kassim Acquires Mixed-Use Property On Cleveland St. In Brooklyn For $2.8M

726 Cleveland St, Brooklyn, NY 11208 & 726 Cleveland Street

$2,800,000

$244/SF

Building Size

11,472 SF

Asset Type

Mixed-use

Closing

Sep 18, 2022

AI

Located at 726 Cleveland St. in Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans 5,736 square feet and is situated in a desirable market. The sale price for this property was $2,800,000, resulting in a price per square foot of $488.

Summary of transaction details

  • Property Type: Mixed-use
  • Date: 09/19/2022
  • Address: 726 Cleveland St.
  • Market: Brooklyn
  • Buyer: Ahmed Kassim
  • Seller: Martinez Family
  • Broker: Erik Rodriguez - Rodriguez Commercial Realty
  • Sale Price: $2,800,000
  • Square footage: 5,736 SF
  • Price per square foot: $488

Erik Rodriguez from Rodriguez Commercial Realty represented both the buyer, Ahmed Kassim, and the seller, Martinez Family, in this transaction.

Players

Erik Rodriguez

Rodriguez Commercial Realty

Broker

$46.3M

vol

19 deals

Broker

New York 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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93