Jai Kweng Acquires Mixed-Use Property At 1605 Avenue U Brooklyn For $1.48M With Broker Jack Sardar
SOLD
$1,480,000
New York
See Similar DealsMixed-use3,930 SF
Sold 11/13/2025
SOLD
Jai Kweng Acquires Mixed-Use Property At 1605 Avenue U Brooklyn For $1.48M With Broker Jack Sardar
1605 Avenue U
See Similar DealsMixed-use3,930 SF
Sold 11/13/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$376
Total Square Footage:3,930 SF
Transaction Type:Sale
The property asset involved in this transaction is a mixed-use building located at 1605 Avenue U in Brooklyn. The sale price was $1,480,000, encompassing 3,930 square feet, resulting in a price per square foot of $376.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,480,000
- Address: 1605 Avenue U
- Market: Brooklyn
- Square Footage: 3,930
- Price per Square Foot: $376
- Buyer: Jai Kweng
- Seller: Abe Shrem
- Broker: Jack Sardar - Tri State Commercial Realty
The transaction featured Jai Kweng as the buyer and Abe Shrem as the seller, facilitating this deal through the brokerage of Jack Sardar, who represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,258.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,015.96
Annual Debt Service$84,191.46
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