The Cohen Family Acquires Mixed-Use Property In Park Slope For $4.75M
169 7th Avenue
$4,750,000
$896/SF
Building Size
5,300 SF
Asset Type
Mixed-use
Closing
Jul 15, 2022
AI
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.
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93