Dr. Mujibur Majumder Acquires Commercial Condo From George Malegiannakis In Brooklyn For $900,000
SOLD
$900,000
New York
See Similar DealsOffice2,584 SF
Sold 05/13/2026
SOLD
Dr. Mujibur Majumder Acquires Commercial Condo From George Malegiannakis In Brooklyn For $900,000
1811 Avenue P
See Similar DealsOffice2,584 SF
Sold 05/13/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$348
Total Square Footage:2,584 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$48,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51
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