Updated Oct 29, 2024
Barrett Design Acquires Development Site On 5th Avenue In Park Slope, Brooklyn For $9M
207 Fifth Ave, San Diego, CA 92101, USA
$9,000,000
$161/SF
Building Size
55,590 SF
Asset Type
Development Site
Closing
Oct 4, 2018
About this deal
AI
A development site located at 207 5th Avenue in Park Slope, Brooklyn has been sold for a price of $9,000,000. The property has a total square footage of 13,567, resulting in a price per square foot of $1,619.00. The sale price indicates a ratio of price per buildable square foot at $663. The seller of the property was Lorraine Deprisco, while the buyer was Barrett Design, represented by Alex Barrett.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $9,000,000
- Address: 207 5th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Square Footage: 13,567
- Price per Square Foot: $1,619.00
The deal was facilitated by the broker Nowak & Partners of Marcus and ...
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93