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122 7th Avenue

Eddie Vays & Ben Smuk Sell Mixed-Use Property In Brooklyn For $4.475M With Marcus & Millichap
SOLDMixed-use

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

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

361 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Ben Smuk

Seller

$10M

vol

3 deals

Seller

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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