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

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.