Eddie Vays & Ben Smuk Acquire Mixed-Use Property In Park Slope For $2.8M
122 7th Avenue
$2,800,000
$700/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Jul 21, 2022
AI
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.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93