Sterling Project Development Acquires Retail Condo In Park Slope, New York For $10M
SOLD
+ 1
New York
See Similar Deals110,000 SF
Sold 05/11/2018
SOLD
Sterling Project Development Acquires Retail Condo In Park Slope, New York For $10M
227 4th Ave, Brooklyn, NY 11215, USA
See Similar Deals110,000 SF
Sold 05/11/2018
+ 1
Summary
NEW YORK
Price Per Square Foot:$0
Total Square Footage:110,000 SF
Transaction Type:Sale
A retail condo located at 227 4th Avenue in Park Slope, New York, has been sold for $10,000,000. The property is an above-grade space measuring 11,000 square feet, resulting in a price per square foot of $909. The cap rate for this transaction is 5.2%.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $10,000,000
- Address: 227 4th Avenue, New York
- Market: Park Slope
- Size: 11,000 square feet (Above Grade)
- Price per Square Foot: $909
- Cap Rate: 5.2%
The seller of this retail condo is Greystone Development, represented by Thomas P. Ryan. The buyer is Sterling Project Development. Additional individuals involved in this transaction include Ofer Cohen, Adam Hess, Eddie Setton, Jeff Wilpon, and Richard Browne.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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