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
$3,300,000
$152/SF
Building Size
21,600 SF
Asset Type
Package Deal
Closing
Apr 4, 2025
AI
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.
Brooklyn Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93