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320 Myrtle Avenue

Avi Adiv Of Brick Real Estate Acquires Mixed-Use Property In Brooklyn For $3M
SOLDMixed-use

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:

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

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Brick Real Estate
Brick Real EstateBuyer

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