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
- Property Type: Mixed-use
- Transaction Amount: $4,225,000
- Address: 155 5th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Buyers: Max Maleh & Connor Domershick
- Seller: Johnny De La Cruz
- Brokers: Adam Lobel, Derek Bestreich & Luke Sproviero - Bestreich Realty Group
- Square Footage: 7,200
- Price per Square Foot: $586
- Units: 7
- Price per Unit: $603,571
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
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