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
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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