Miller Family Purchases Mixed-Use Property At 9 Marcus Garvey Boulevard For $2,825,000
9 Marcus Garvey Boulevard
$2,825,000
$837/SF
Building Size
3,375 SF
Asset Type
Mixed-use
Closing
Jun 22, 2026
AI
The property asset involved in this transaction is a mixed-use building located at 9 Marcus Garvey Boulevard in Brooklyn. The sale price was $2,825,000, with a square footage of 3,375, resulting in a price per square foot of $837.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,825,000
- Address: 9 Marcus Garvey Boulevard
- Market: Brooklyn
- Square Footage: 3,375
- Price per Square Foot: $837
- Buyer: Miller Family
- Broker: Marcel Fridman - Barcel Group
The key individuals in this deal include the Miller Family, who acted as the buyer, and Marcel Fridman from Barcel Group, who represented the transaction as the broker. The transaction took place on June 23, 2026.
Players
Market 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
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93