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Maqbool Mohammad Acquires Mixed-Use Property On Coney Island Ave In Kensington, Brooklyn For $800K

692 Coney Island Avenue
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This Mixed-use property located in NY was sold for $800,000 over 4 years ago. The brokers of the deal were Samuel Finkler and John Brennan

Located at 692 Coney Island Ave in Kensington, Brooklyn, this mixed-use property was recently sold. The property features 3 apartments and 1 store, with a total building square footage (BSF) of 3,240. The sale price for this property was $800,000, resulting in a price per building square footage (PPBSF) of $246. The units within the property were sold at a price per unit (PPU) of $200,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $800,000
  • Building Square Footage (BSF): 3,240
  • Price per Building Square Footage (PPBSF): $246
  • Number of Units: 3 apartments and 1 store
  • Price per Unit (PPU): $200,000
  • Market: Kensington, Brooklyn

The seller of this property was Hezi Salman, while the buyer was Maqbool Mohammad. The deal was facilitated by John Brennan & Sam Finkler from Marcus & Millichap.

Note: The buyer has plans to demolish the property for future development.

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Deals
  • Location
    692 Coney Island Ave, Brooklyn, NY 11218, USA692 Coney Island Ave, Brooklyn, NY 11218, USA
  • Sale Price
    $800,000$800,000
    $24 PPSF$24 PPSF
  • Area
    32,400 SF32,400 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Samuel Finkler

Samuel Finkler

Deals23
Sold$98.5M

Agencies

TrueRate Services

TrueRate Services

Agency
Deals41
Volume$233.1M

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

IMAGE: Samuel Finkler & John Brennan DATE: 12/23/2019 ADDRESS: 692 Coney Island Ave MARKET: Kensington, Brooklyn ASSET TYPE: Mixed-use SALE PRICE: $800,000 BSF: 3,240 PPBSF: $246 UNITS: 3 apartments and 1 store PPU: $200,000 SELLER: Hezi Salman BUYER: Maqbool Mohammad BROKER: John Brennan & Sam Finkler – Marcus & Millichap NOTE: Buyer plans to demolish […]

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692 Coney Island Avenue

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