Kalogiannis Family Sells Mixed-use Property At 156 5th Avenue For $3.125M With Marcus & Millichap
156 5th Avenue
$3,125,000
$781/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Mar 27, 2025
AI
The property asset involved in the transaction is a mixed-use building located at 156 5th Avenue in Park Slope, Brooklyn. The sale price of the property was $3,125,000, with a total square footage of 4,000, resulting in a price per square foot of $781.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,125,000
- Address: 156 5th Avenue
- Market: Park Slope, Brooklyn
- Seller: Kalogiannis Family
- Brokers: John Brennan & Bryan Ellis - Marcus & Millichap
This transaction involved the Kalogiannis Family as the seller, with John Brennan and Bryan Ellis representing the deal as brokers through Marcus & Millichap. The transaction date was March 27, 2025.
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
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93