Eden Ashourzadeh Purchases Mixed-Use Property At 90 Fifth Avenue For $4.35M With Brokers Gabriel Kates & Sean Mashihi
90 Fifth Avenue
$4,350,000
$894/SF
Building Size
4,861 SF
Asset Type
Mixed-use
Closing
Aug 27, 2026
About this deal
AI
The property located at 90 Fifth Avenue in Brooklyn is a mixed-use asset comprising 1 commercial unit and 4 residential units. The property encompasses a total square footage of 4,861 and was sold for a transaction price of $4,350,000, resulting in a price per unit of $870,000 and a price per square foot of $894.
Summary of transaction details:
- Property Type: Mixed-use (1 Commercial & 4 Residential)
- Transaction Amount: $4,350,000
- Address: 90 Fifth Avenue
- Market: Brooklyn
- Units: 5
- Price Per Unit: $870,000
- Square Footage: 4,861
- Price Per Square Foot: $894
- Buyer: Eden Ashourzadeh
- Seller: Joseph Fellner & Lazlo Reichardt
- Brokers: Gabriel Kates & Sean Mashihi - Block Real Estate Group
The transaction saw Eden Ashourzadeh acquire the property from sellers Joseph Fellner and Lazlo Reichardt, with representation from brokers Gabriel Kates and Sean Mashihi of Block Real Estate Group, reflecting a key collaboration in this deal.
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93