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Vahe & Davit Sahakyan Acquire Package Deal In Brooklyn From Rocco Loccisano For $3.3M

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SOLD
$3,300,000

New York

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Package Deal21,600 SF
Sold 04/04/2025
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SOLD

Vahe & Davit Sahakyan Acquire Package Deal In Brooklyn From Rocco Loccisano For $3.3M

1113 Blake Court, 2725 East 11th Street & 2729 East 11th Street

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Package Deal21,600 SF
Sold 04/04/2025
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Summary

NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$152
Total Square Footage:21,600 SF
Transaction Type:Sale

This package deal involved multiple properties located at 1113 Blake Court, 2725 East 11th Street, and 2729 East 11th Street in the Brooklyn market. The total sale price was $3,300,000, with the combined square footage of 7,200, resulting in a price per square foot of $458.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $3,300,000
  • Address: 1113 Blake Court, 2725 East 11th Street & 2729 East 11th Street
  • Market: Brooklyn
  • Buyer: Vahe & Davit Sahakyan
  • Seller: Rocco Loccisano
  • Buyer's Representative: Arsen Atbashyan - Commercial Acquisitions
  • Attorneys: Christopher Merone & Anthony Castellano - Castellano & Merone Law Group, PLLC

Arsen Atbashyan represented the buyers in this transaction, assisting Vahe and Davit Sahakyan. Christopher Merone and Anthony Castellano provided legal representation for this deal through their firm, Castellano & Merone Law Group, PLLC.

Players

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

Details

SOLD
IMAGE: Christopher Merone, Arsen Atbashyan & Anthony Castellano DATE: 04/04/2025 ADDRESS: 1113 Blake Court, 2725 East 11th Street & 2729 East 11th Street MARKET: Brooklyn ASSET TYPE: Package Deal BUYER: Vahe & Davit Sahakyan SELLER: Rocco Loccisano BUYER'S REP: Arsen Atbashyan - Commercial Acquisitions (@CARealtyINC) ATTORNEYS: Christopher Merone & Anthony Castellano - Castellano & Merone Law Group, PLLC SALE PRICE: $3,300,000 SF: 7,200 ~ PPSF: $458

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

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20