Development Site At 431 7th Avenue Sold For $2.75M In Park Slope With KSR Representing
SOLD
$2,750,000
New York
See Similar DealsDevelopment Site
Sold 10/10/2024
SOLD
Development Site At 431 7th Avenue Sold For $2.75M In Park Slope With KSR Representing
431 7th Avenue
See Similar DealsDevelopment Site
Sold 10/10/2024
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
Is there something missing? Send suggestions