facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Commercial

/

Sale

/

61 5th Avenue, Brooklyn, Ne...

Updated Dec 21, 2023

Mohammed Esa Acquires Commercial Property On 61 5th Avenue, Park Slope, Brooklyn For $3.3M
SOLDCommercial

Mohammed Esa Acquires Commercial Property On 61 5th Avenue, Park Slope, Brooklyn For $3.3M

61 5th Avenue, Brooklyn, New York 11217, United States

$3,300,000

$488/SF

Building Size

6,757 SF

Asset Type

Commercial

Closing

May 4, 2022

About this deal

AI

A commercial property located at 61 5th Avenue in Park Slope, Brooklyn has been sold for a price of $3,300,000. The property has a building square footage of 5,775 and a price per square foot of $571. The total lot size is 1,925 square feet, with dimensions of 25 ft x 77 ft. The property is zoned as R6A and C1-4, with a floor area ratio (FAR) of 3.51. It falls under tax class 2B and has received permits for alteration on December 23, 2020.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $3,300,000
  • Market: Park Slope, Brooklyn
  • Buyer: Mohammed Esa
  • Seller: Raul Acosta
  • Building Square Footage: 5,775
  • Price Per Square Foot: $571
  • Total Square Footage: 6,757
  • Price Per Square Foot: $488
  • Lot Size: 1,925 square feet
  • Lot Dimensions: 25 ft x 77 ft
  • Zoning: R6A, C1-4
  • Floor Area Ratio (FAR): 3.51
  • Tax Class: 2B
  • Permits: Alteration 2 (12/23/2020)

Mohammed Esa was the buyer in this transaction, while Raul Acosta acted as the seller. The deal closed on May 5, 2022.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Deal FAQ

About $488 per square foot on a published $3.3M for 6,757 square feet (2022).

Browse New York commercial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets