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Habib Muhammed Purchases Commercial Condo In Brooklyn For $3.05M With Seller's Rep Arsen Atbashyan

Property Image
SOLD
$3,050,000

New York

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Office5,875 SF
Sold 01/27/2026
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Property Image
SOLD

Habib Muhammed Purchases Commercial Condo In Brooklyn For $3.05M With Seller's Rep Arsen Atbashyan

2569 Ocean Avenue

See Similar Deals
Office5,875 SF
Sold 01/27/2026
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$519
Total Square Footage:5,875 SF
Transaction Type:Sale

The property asset involved in this transaction is a commercial condo located at 2569 Ocean Avenue in Brooklyn. The sale was concluded at a price of $3,050,000, offering a total square footage of 5,875. The price per square foot stands at $519.

Summary of transaction details:

  • Property Type: Commercial Condo
  • Transaction Amount: $3,050,000
  • Address: 2569 Ocean Avenue
  • Market: Brooklyn
  • Square Footage: 5,875
  • Price per Square Foot: $519
  • Buyer: Habib Muhammed
  • Seller's Representative: Arsen Atbashyan - Commercial Acquisitions

This transaction was facilitated by Arsen Atbashyan, who represented the seller through Commercial Acquisitions. The involvement of the buyer, Habib Muhammed, marks a significant entry into the Brooklyn market for this type of asset.

Players

Arsen Atbashyan
Commercial Acquisitions
Arsen Atbashyan
51 deals$123.9M volume(917) 939-3760
BROKER

Details

SOLD
IMAGE: Arsen Atbashyan DATE: 1/27/2026 ADDRESS: 2569 Ocean Avenue MARKET: Brooklyn ASSET TYPE: Commercial Condo BUYER: Habib Muhammed SELLER'S REP: Arsen Atbashyan - Commercial Acquisitions (@CARealtyINC) SALE PRICE: $3,050,000 SF: 5,875 ~ PPSF: $519

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$162,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67