Habib Muhammed Purchases Commercial Condo In Brooklyn For $3.05M With Seller's Rep Arsen Atbashyan
2569 Ocean Avenue
$3,050,000
$519/SF
Building Size
5,875 SF
Asset Type
Office
Closing
Jan 26, 2026
About this deal
AI
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.
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
About $519 per square foot on a published $3.1M for 5,875 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93