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Philip A. Cabbad Acquires Mixed-Use Property At 107 5th Avenue In Park Slope For $9.2M
SOLD
$9,200,000
New York
See Similar DealsMixed-use2,622 SF
Sold
SOLD
Philip A. Cabbad Acquires Mixed-Use Property At 107 5th Avenue In Park Slope For $9.2M
107 5th Avenue
See Similar DealsMixed-use2,622 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$3508
Total Square Footage:2622 SF
Transaction Type:Sale
Philip A. Cabbad purchased a 2,622 SF mixed-use property located at 107 5th Avenue in Park Slope, Brooklyn, for $9.2 million, which translates to a price per square foot of $3,509. The sale was finalized on February 18, 2026, with the seller being Michael Cabbad.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,200,000
- Sale Date: February 18, 2026
- Address: 107 5th Avenue
- Market: Park Slope, Brooklyn
- Square Footage: 2,622 SF
- Price Per Square Foot: $3,509
- Buyer: Philip A. Cabbad
- Seller: Michael Cabbad
Michael Cabbad was the seller in this transaction, while Philip A. Cabbad represented the buyer's interests in the purchase of the mixed-use property in Brooklyn.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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