Habib Muhammed Purchases Office In Brooklyn From Alex Blinshteyn For $1.25M
8686 Bay Parkway
$1,250,000
$457/SF
Building Size
2,730 SF
Asset Type
Office
Closing
Apr 14, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 8686 Bay Parkway in Brooklyn. The sale price for the property was $1,250,000, and it has a total square footage of 2,730, resulting in a price per square foot of $457.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,250,000
- Address: 8686 Bay Parkway
- Market: Brooklyn
- Square Footage: 2,730
- Price per Square Foot: $457
- Buyer: Habib Muhammed
- Seller: Alex Blinshteyn
- Broker: Arsen Atbashyan - Commercial Acquisitions
The deal was facilitated by Arsen Atbashyan representing Commercial Acquisitions, who played a significant role in connecting the buyer, Habib Muhammed, with the seller, Alex Blinshteyn, completing the transaction successfully on 4/15/2026.
On the Map
$1,250,000
$457/SF
Office
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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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93