Yahya Assaedi Acquires Retail Property On Pitkin Avenue In Brooklyn For $1.4M
1691 Pitkin Ave Brooklyn, NY 11212, USA
$1,400,000
$362/SF
Building Size
3,858 SF
Asset Type
Retail
Closing
Apr 17, 2023
About this deal
AI
A three-story mixed-use building located at 1691 Pitkin Avenue in Brooklyn has been sold in a recent transaction. The property was delivered vacant at closing, offering potential for various uses. The sale price for this retail asset was $1,400,000, with a total square footage of 3,858. This equates to a price per square foot of $363.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,400,000
- Square Footage: 3,858
- Address: 1691 Pitkin Avenue, Brooklyn
The buyer in this transaction is Yahya Assaedi, while the seller is Milady Guillen. The deal was facilitated by Scott Plasky and Alex Arustamian from Marcus & Millichap, who acted as the brokers representing the parties involved. Their expertise contributed to the successful completion of the sale.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Alexander (Alex) Arustamian to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93