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

Property Image
SOLD
$4,225,000
Luke Sproviero
Adam Lobel
+ 3

New York

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Mixed-use7,200 SF
Sold 03/31/2021
the dealplayerscompscontact
Property Image
SOLD

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

155 5th Avenue, Brooklyn

See Similar Deals
Mixed-use7,200 SF
Sold 03/31/2021
Luke Sproviero
Adam Lobel
+ 3
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$586
Total Square Footage:7,200 SF
Transaction Type:Sale

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
137 deals$583.5M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER


Max Maleh
Conway Capital
15 deals$57M volume
BUYER

Details

SOLD
IMAGE: Adam Lobel, Connor Domershick, Derek Bestreich, Max Maleh & Luke Sproviero DATE: 03/31/2021 ADDRESS: 155 5th Avenue MARKET: Park Slope, Brooklyn ASSET TYPE: Mixed-use BUYER: Max Maleh & Connor Domershick SELLER: Johnny De La Cruz BROKERS: Adam Lobel, Derek Bestreich & Luke Sproviero - Bestreich Realty Group (@BRG_CRE) SALE PRICE: $4,225,000 SF: 7,200 ~ PPSF: $586 UNITS: 7 ~ PPU: $603,571

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$225,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,010.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,028.66
Annual Debt Service$240,343.87