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70 7th Avenue

Approved Oil Acquires Mixed-Use Property In Park Slope, Brooklyn For $3M
SOLD

Approved Oil Acquires Mixed-Use Property In Park Slope, Brooklyn For $3M

$3,000,000

Building Size

Asset Type

Closing

Jun 11, 2020

AI

No summary available.

Players

Adis Muminovic

Marcus & Millichap

Broker

$3M

vol

1 deal

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Vincent Theurer

Vincent Theurer

Approved Oil

Buyer

$23.1M

vol

5 deals

Buyer

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93