Friedman-Roth Realty Acquires Mixed-Use Property In Park Slope For $2.85M
158 7th Avenue, Brooklyn, New York 11215, United States
$2,850,000
$339/SF
Building Size
8,400 SF
Asset Type
Mixed-use
Closing
Apr 11, 2022
AI
The mixed-use property located at 158 7th Ave. in Park Slope has been sold for a price of $2,850,000. The property spans over 8,400 square feet and was sold at a rate of $339 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,850,000
- Address: 158 7th Ave.
- Market: Park Slope
Representing the buyer in this deal was Jim Mann from Friedman-Roth Realty. On the other side, Peter Grazioli from Brown Harris Stevens served as the seller's representative.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93