Dr. Mujibur Majumder Acquires Commercial Condo From George Malegiannakis In Brooklyn For $900,000
1811 Avenue P
$900,000
$348/SF
Building Size
2,584 SF
Asset Type
Office
Closing
May 12, 2026
AI
The property involved in this transaction is a commercial condo located at 1811 Avenue P in Brooklyn. The sale price of the asset was $900,000, with a total square footage of 2,584. This results in a price per square foot of $348.
Summary of transation details:
- Property Type: Commercial Condo
- Transaction Amount: $900,000
- Address: 1811 Avenue P
- Market: Brooklyn
- Square Footage: 2,584
- Price per Square Foot: $348
- Buyer: Dr. Mujibur Majumder
- Seller: George Malegiannakis
- Broker: Arsen Atbashyan - Commercial Acquisitions
Key individuals in this transaction include Dr. Mujibur Majumder, the buyer, and George Malegiannakis, the seller. The deal was facilitated by Arsen Atbashyan, serving as the broker in the transaction.
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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93