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
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