Avi Adiv Of Brick Real Estate Acquires Mixed-Use Property In Brooklyn For $3M
320 Myrtle Avenue
$3,000,000
$802/SF
Building Size
3,740 SF
Asset Type
Mixed-use
Closing
Feb 12, 2026
AI
The mixed-use property located at 320 Myrtle Avenue in Brooklyn comprises 2 commercial and 2 residential units. The transaction price is $3,000,000, with a price per unit of $750,000. The total square footage of the property is 3,740, translating to a price per square foot of $800.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 320 Myrtle Avenue
- Market: Brooklyn
- Units: 4
- Price Per Unit: $750,000
- Square Footage: 3,740
- Price Per Square Foot: $800
- Buyer: Avi Adiv - Brick Real Estate
- Seller: Harmel & Monaco Families
- Brokers: Matthew Cosentino & Remi Norris - Terra CRG; Shaun Riney, Andrew Bronsteen & Jason Farese - Marcus & Millichap
This transaction involves key individuals and firms including buyer Avi Adiv representing Brick Real Estate and sellers Harmel & Monaco Families. The brokers facilitating this transaction are Matthew Cosentino and Remi Norris from Terra CRG, along with Shaun Riney, Andrew Bronsteen, and Jason Farese from Marcus & Millichap.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93