David Brecher Acquires Mixed-Use Asset At 996 Ocean Parkway In Midwood Brooklyn For $23.5M
996 Ocean Parkway
$23,500,000
$152/SF
Building Size
154,378 SF
Asset Type
Mixed-use
Closing
May 11, 2026
About this deal
AI
David Brecher has acquired a mixed-use asset at 996 Ocean Parkway located in Midwood, Brooklyn. The property spans 154,378 square feet and was sold for $23.5 million, equating to a price of approximately $152 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $23,500,000
- Square Footage: 154,378
- Price per Square Foot: $152
- Buyer: David Brecher
- Seller: Warren Cohen
This transaction showcases the involvement of David Brecher as the buyer and Warren Cohen as the seller, facilitating the transfer of ownership for the mixed-use asset. The deal underlines their roles in this closed transaction without disclosing any further details regarding other parties or financing arrangements.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93