Updated Dec 21, 2023
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
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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