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155 5th Avenue, Brooklyn

Max Maleh & Connor Domershick Acquire Mixed-Use Property On 155 5th Avenue In Park Slope, Brooklyn
SOLDMixed-use

Max Maleh & Connor Domershick Acquire Mixed-Use Property On 155 5th Avenue In Park Slope, Brooklyn

155 5th Avenue, Brooklyn

$4,225,000

$586/SF

Building Size

7,200 SF

Asset Type

Mixed-use

Closing

Mar 30, 2021

AI

A mixed-use property located at 155 5th Avenue in Park Slope, Brooklyn has been sold in a recent transaction. The property, spanning 7,200 square feet, was purchased by Max Maleh and Connor Domershick. The sellers, Johnny De La Cruz, were represented by Adam Lobel, Derek Bestreich, and Luke Sproviero from Bestreich Realty Group. The sale price for the property was $4,225,000, with a price per square foot of $586. The property consists of 7 units, with an average price per unit of $603,571.

Summary of transaction details

The deal was facilitated by Adam Lobel, Derek Bestreich, and Luke Sproviero from Bestreich Realty Group, who represented the sellers in this transaction. Max Maleh and Connor Domershick were the successful buyers of this mixed-use property located in Park Slope, Brooklyn.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

Connor Domershick

Conway Capital

Buyer

$57M

vol

15 deals

Buyer

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

3.75%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93