196 7th Avenue
196 7th Avenue
$3,845,000
$739/SF
Building Size
5,200 SF
Asset Type
Mixed-use
Closing
Oct 22, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 196 7th Avenue in the Park Slope market. The sale price for this transaction was $3,845,000, and the property encompasses a total area of 5,200 square feet, resulting in a price per square foot of $739.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $3,845,000
- Address: 196 7th Avenue
- Market: Park Slope
- Square Footage: 5,200
- Price Per Square Foot: $739
- Buyer: Prospect Acquisitions
- Seller: Shel Capital
- Brokers: Daniel O'Brien, Caroline Hodes & Henry Hill - Newmark
The transaction involved key individuals from Newmark, with Daniel O'Brien, Caroline Hodes, and Henry Hill representing the parties in this deal. Their involvement facilitated the successful closing of this transaction between Prospect Acquisitions and Shel Capital.
On the Map
$3,845,000
$739/SF
Mixed-use
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Players
Brooklyn 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
4.13%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93