The Cohen Family Acquires Mixed-Use Property In Park Slope For $4.75M
SOLD
$4,750,000
+ 2
New York
See Similar DealsMixed-use5,300 SF
Sold 07/15/2022
SOLD
The Cohen Family Acquires Mixed-Use Property In Park Slope For $4.75M
169 7th Avenue
See Similar DealsMixed-use5,300 SF
Sold 07/15/2022
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$896
Total Square Footage:5,300 SF
Transaction Type:Sale
The mixed-use property located at 169 7th Ave. in Park Slope has been sold. The transaction was completed on 07/15/2022 for a sale price of $4,750,000. The property spans across 5,300 square feet, resulting in a price per square foot of $896.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,750,000
- Address: 169 7th Ave.
- Market: Park Slope
- Square Footage: 5,300
The buyer of the property is The Cohen Family, while the seller is The Pronsky Family. The deal was facilitated by brokers Daniel O'Brien, Caroline Hodes, Jonathan Squires, and Josh Neustadter from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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