Zhong Qiao Chen Purchases Mixed-Use Property From Anastasio Family In Dyker Heights For $1.95M
7410 11th Avenue
$1,950,000
$485/SF
Building Size
4,020 SF
Asset Type
Mixed-use
Closing
Jun 30, 2025
AI
The property asset involved in the transaction is a mixed-use building located at 7410 11th Avenue in Dyker Heights, Brooklyn. The asset includes three apartments, one medical office, and a garage, encompassing a total of 4,020 square feet. The sale price for the property was $1,950,000, resulting in a price per unit of $487,500 and a price per square foot of $485.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,950,000
- Units: 4
- Price Per Unit: $487,500
- Square Footage: 4,020
- Price Per Square Foot: $485
- Buyer: Zhong Qiao Chen
- Seller: Anastasio Family
- Broker Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Matt Dittmeier - Investment Property Realty Group (IPRG)
This transaction involved key individuals including buyer Zhong Qiao Chen and seller Anastasio Family, facilitated by the brokerage team from Investment Property Realty Group. Their collective effort contributed to the successful closure of this property transaction.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93