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431 7th Avenue

Development Site At 431 7th Avenue Sold For $2.75M In Park Slope With KSR Representing
SOLDDevelopment Site

Development Site At 431 7th Avenue Sold For $2.75M In Park Slope With KSR Representing

431 7th Avenue

$2,750,000

Building Size

Asset Type

Development Site

Closing

Oct 10, 2024

AI

The asset involved in this transaction is a development site located at 431 7th Avenue in the Park Slope market. The sale price of the property was $2,750,000, with a built square footage of 7,338 and a price per built square foot of $374.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,750,000
  • Address: 431 7th Avenue
  • Market: Park Slope
  • BSF: 7,338
  • PPBSF: $374

The brokers representing the transaction are Ceasar Salama and Isaac Faur from KSR. They facilitated the deal, contributing their expertise to the successful sale of the property.

Players

Ceasar Salama

Kassin Sabbagh Realty

Broker

$383.1M

vol

32 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93