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70 7th Avenue

Updated Oct 29, 2024

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

Units

324

Asset Type

Closing

Jun 11, 2020

About this deal

AI

No summary available.

Approved Oil Acquires Mixed-Use Property In Park Slope, Brooklyn For $3M is logged as a commercial sale on Traded (2020). Adis Muminovic, Peter Von Der Ahe, Shaun Riney, Vincent Theurer appear on the sale alongside Marcus & Millichap. This page is the market file for the Approved Oil Acquires Mixed-Use Property In Park Slope, Brooklyn For $3M commercial sold: pricing, party profiles, and other closed commercial comps from the same area sit in the Market section below. Cite this Approved Oil Acquires Mixed-Use Property In Park Slope, Brooklyn For $3M sale when underwriting similar commercial product.

Players

Adis Muminovic

Marcus & Millichap

Broker

$3M

vol

1 deal

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

382 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

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