Eddie Vays & Ben Smuk Sell Mixed-Use Property In Brooklyn For $4.475M With Marcus & Millichap
122 7th Avenue
$4,475,000
$1,216/SF
Building Size
3,680 SF
Asset Type
Mixed-use
Closing
Jul 9, 2025
AI
The property involved in the transaction is a mixed-use asset located at 122 7th Avenue, Brooklyn. The sale price for this building was $4,475,000, comprising 3 units with a price per unit of $1,491,667. The total square footage of the property is 3,680, leading to a price per square foot of $1,216.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,475,000
- Units: 3
- Price Per Unit: $1,491,667
- Square Footage: 3,680
- Price Per Square Foot: $1,216
- Seller: Eddie Vays & Ben Smuk
- Broker(s): Shaun Riney & Andrew Bronsteen - Marcus & Millichap
- Date of Sale: 7/10/2025
This transaction marks a significant event as it represents the most expensive two apartments and one store building ever sold in Park Slope. The notable individuals involved include Eddie Vays and Ben Smuk as the sellers, while Shaun Riney and Andrew Bronsteen from Marcus & Millichap acted as the brokers representing the deal.
Players
Brooklyn 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
3.54%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93