Eddie Vays & Ben Smuk Acquire Mixed-Use Property In Park Slope For $2.8M
SOLD
$2,800,000
+ 1
New York
See Similar DealsMixed-use4,000 SF
Sold 07/21/2022
SOLD
Eddie Vays & Ben Smuk Acquire Mixed-Use Property In Park Slope For $2.8M
122 7th Avenue
See Similar DealsMixed-use4,000 SF
Sold 07/21/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$700
Total Square Footage:4,000 SF
Transaction Type:Sale
An mixed-use property located at 122 7th Ave. in Park Slope has been sold for $2,800,000. The property spans 4,000 square feet and was sold at a price of $700 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,800,000
Eddie Vays and Ben Smuk have acquired the property from David Surgan. Marcel Fridman from Barcel Group represented Eddie Vays and Ben Smuk as their buyer's representative. On the other hand, Derek Bestreich and Luke Sproviero from Investment Property Realty Group (IPRG) acted as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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