Kalogiannis Family Sells Mixed-use Property At 156 5th Avenue For $3.125M With Marcus & Millichap
SOLD
$3,125,000
New York
See Similar DealsMixed-use4,000 SF
Sold 03/27/2025
SOLD
Kalogiannis Family Sells Mixed-use Property At 156 5th Avenue For $3.125M With Marcus & Millichap
156 5th Avenue
See Similar DealsMixed-use4,000 SF
Sold 03/27/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$781
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,102.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,814.09
Annual Debt Service$177,769.13
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