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2218 Ocean Avenue

Matthew Jacob Acquires Commercial Condo In Brooklyn From Oleg Mestechkin For $1.15M
SOLDOffice

Matthew Jacob Acquires Commercial Condo In Brooklyn From Oleg Mestechkin For $1.15M

2218 Ocean Avenue

$1,150,000

$771/SF

Building Size

1,490 SF

Asset Type

Office

Closing

May 19, 2026

AI

The property involved in the transaction is a Commercial Condo located at 2218 Ocean Avenue in Brooklyn. The asset was sold for a total price of $1,150,000, with a total area of 1,490 square feet, translating to a price per square foot of $771.

Summary of transaction details:

  • Property Type: Commercial Condo
  • Transaction Amount: $1,150,000
  • Address: 2218 Ocean Avenue
  • Market: Brooklyn
  • Square Footage: 1,490
  • Price per Square Foot: $771
  • Buyer: Matthew Jacob
  • Seller: Oleg Mestechkin
  • Brokers: Arsen Atbashyan & Vadim Atbashyan - Commercial Acquisitions Realty

Matthew Jacob is the buyer in this transaction, purchasing the property from seller Oleg Mestechkin. The deal was facilitated by brokers Arsen Atbashyan and Vadim Atbashyan from Commercial Acquisitions Realty, representing the parties involved in the sale.

Players

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker
Matthew Jacoby

Matthew Jacoby

Buyer

$1.2M

vol

7 deals

Buyer

Brooklyn Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93