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
About this deal
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:
- Broker: Marcel Fridman - Barcel Group
The key individuals in this deal include the , 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