facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

169 7th Avenue

The Cohen Family Acquires Mixed-Use Property In Park Slope For $4.75M
SOLDMixed-use

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

Josh Neustadter

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker

Cohen Family

Regal Acquisitions

Buyer

$58M

vol

11 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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