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Zhong Qiao Chen Purchases Mixed-Use Property From Anastasio Family In Dyker Heights For $1.95M

Property Image
SOLD
$1,950,000
Matt Dittmeier
Luke Sproviero
+ 2

New York

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Mixed-use4,020 SF
Sold 06/30/2025
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Property Image
SOLD

Zhong Qiao Chen Purchases Mixed-Use Property From Anastasio Family In Dyker Heights For $1.95M

7410 11th Avenue

See Similar Deals
Mixed-use4,020 SF
Sold 06/30/2025
Matt Dittmeier
Luke Sproviero
+ 2
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$485
Total Square Footage:4,020 SF
Transaction Type:Sale

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

Adam Lobel
139 deals$592.1M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Matt Dittmeier
Investment Property Realty Group (IPRG)
18 deals$34.3M volume(516) 469-5394
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Toby Waring & Matt Dittmeier DATE: 7/1/2025 ADDRESS: 7410 11th Avenue MARKET: Dyker Heights, Brooklyn ASSET TYPE: Mixed-use (3 Apts, 1 Medical Office & Garage) BUYER: Zhong Qiao Chen SELLER: Anastasio Family BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks), Matt Dittmeier (@MDittmeier_CRE) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,950,000 UNITS: 4 ~ PPU: $487,500 SF: 4,020 ~ PPSF: $485 ,Brooklyn

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94