David Chitayat & Tal Chitayat Acquire Mixed-use Property For $3.76M In Park Slope, Brooklyn
155 7 Ave, Brooklyn, New York 11215, United States
$3,760,000
$810/SF
Building Size
4,641 SF
Asset Type
Mixed-use
Closing
Nov 17, 2021
About this deal
AI
The mixed-use property located at 155 7 Avenue in Park Slope, Brooklyn has been sold in a recent transaction. The property is situated in an R6A, C1-4 zoning area, allowing for a variety of uses. It spans a lot size of 1,580 square feet and has a lot dimension of 19.75 ft x 80 ft. The building has a total square footage of 4,641 and a buildable square footage of 4,740. The sale price for this property was $3,760,000, with a price per square foot of $810.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,760,000
- Market: Park Slope, Brooklyn
- Zoning: R6A, C1-4
- Lot Size: 1,580 sqft
- Buildable Square Footage: 4,740 sqft
- Price per Square Foot: $810
The buyers of the property were David Chitayat and Tal Chitayat. The sellers were Barbara D'Erasmo. The property was previously sold on December 14, 2010, for a price of $0. The property is categorized as tax class 2A and has a floor area ratio (FAR) of 2.94.
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
4.22%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93