Jordan Cohen Of Baker Capital Purchases Mixed-Use Property From Leo Elliman For $1,750,000
820 Utica Avenue
$1,750,000
$437/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Apr 15, 2026
About this deal
AI
The property is a mixed-use asset located at 820-822 Utica Avenue in the East Flatbush market. It has a total square footage of 4,000 and was sold for $1,750,000, resulting in a price per square foot of $437.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Address: 820-822 Utica Avenue
- Market: East Flatbush
- Square Footage: 4,000
- Price per Square Foot: $437
- Buyer: Jordan Cohen - Baker Capital
- Seller: Leo Elliman
- Broker: Jack Sardar & Fredy Halabi - Tri State Commercial Realty
The transaction highlights the involvement of key individuals including Jordan Cohen representing Baker Capital as the buyer, and Leo Elliman as the seller. The brokerage team for this deal comprised Jack Sardar and Fredy Halabi from Tri State Commercial Realty.
On the Map
$1,750,000
$437/SF
Mixed-use
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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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93