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1512 Pitkin Avenue

Farhad Dardashtian Purchases Mixed-Use Property At 1512 Pitkin Avenue For $1.965M
SOLDMixed-use

Farhad Dardashtian Purchases Mixed-Use Property At 1512 Pitkin Avenue For $1.965M

1512 Pitkin Avenue

$1,965,000

$346/SF

Building Size

5,675 SF

Asset Type

Mixed-use

Closing

Jun 8, 2026

AI

A mixed-use property located at 1512 Pitkin Avenue in Brooklyn was sold for $1,965,000. The property consists of 8 units and spans 5,675 square feet, resulting in a price per unit of $245,625 and a price per square foot of $346.

Summary of transaction details:

Players

Jason Grunberg

SAB Capital

Broker

$141.5M

vol

30 deals

Broker

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

8.07%

Cash-on-Cash

-2.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93