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90 Fifth Avenue

Updated Sep 3, 2026

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Eden Ashourzadeh Purchases Mixed-Use Property At 90 Fifth Avenue For $4.35M With Brokers Gabriel Kates & Sean Mashihi
SOLDMixed-use

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:

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

Gabriel Kates
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Gabriel Kates

Block Real Estate Group

Broker

$170M

vol

64 deals

Broker

Eden Ashourzadeh

Buyer

$124.3M

vol

42 deals

Buyer

Joseph Fellner

Seller

$4.4M

vol

1 deal

Seller

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $894 per square foot on a published $4.4M for 4,861 square feet (2026).

Visit Sean Mashihi to view all their deals.

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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

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