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:
- Property Type: Mixed-use
- Transaction Amount: $1,965,000
- Units: 8
- Price per Unit: $245,625
- Square Footage: 5,675
- Price per Square Foot: $346
- Buyer: Farhad Dardashtian
- Seller: Aaron Veys
- Broker's Representative: Matthew Peters - Marcus & Millichap
- Broker's Representatives: Jason Grunberg - SAB Capital
- Broker's Representatives: Jake Torre - SAB Capital
- Date of Transaction: 06/09/2026
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
8.07%
Cash-on-Cash
-2.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93