Albert Dayan Acquires Mixed Use Property In Brooklyn For $2.25M

Located at 602 Vanderbilt Avenue in Brooklyn, New York, this mixed-use property recently changed hands in a closed transaction. The property was sold for a price of $2,250,000, resulting in a price per square foot of $833. With a cap rate of 2.75%, this transaction highlights the value of the asset in the market.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $2,250,000
• Price per Square Foot: $833
• Cap Rate: 2.75%
• Address: 602 Vanderbilt Avenue, Brooklyn, New York
• Market: Brooklyn

The seller of this property was Mitch Bernstein and Roger Friedman, while the buyer was Albert Dayan. The transaction was facilitated by Luke Sproviero and Derek Bestreich of BRG | Bestreich Realty Group, who represented the buyer and seller on the deal.