Eden Ashourzadeh Acquires Mixed-Use Property From Welch Family In Brooklyn For $2.5M
785 Franklin Avenue
$2,500,000
$416/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Aug 18, 2025
AI
The property involved in this transaction is a mixed-use asset located at 785 Franklin Avenue in Brooklyn. The sale was finalized for a transaction amount of $2,500,000, comprising 4 units within a total square footage of 6,000 square feet, resulting in a price per unit of $625,000 and a price per square foot of $416.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Units: 4
- Square Footage: 6,000
- Price per Unit: $625,000
- Price per Square Foot: $416
- Buyer: Eden Ashourzadeh
- Seller: Welch Family
- Broker: Sean Mashihi & Gabriel Kates - Block Real Estate Group
- Attorney: Stephen S. Siminou - Siminou & Associates, P.C.
This transaction was facilitated by brokers Sean Mashihi and Gabriel Kates, representing the seller, Welch Family. The involvement of attorney Stephen S. Siminou from Siminou & Associates, P.C. highlights the legal support provided for the closure of this sale.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93