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235 5th Ave, New York, NY 1...

Chun Lee Acquires Mixed Use Property In Park Slope, Brooklyn For $4.19M
SOLDMixed-use

Chun Lee Acquires Mixed Use Property In Park Slope, Brooklyn For $4.19M

235 5th Ave, New York, NY 10016, USA

$4,190,000

$66/SF

Building Size

63,000 SF

Asset Type

Mixed-use

Closing

Nov 13, 2018

AI

A mixed-use property located at 235 Fifth Avenue in Park Slope, Brooklyn, has been sold for a total of $4,190,000. The property spans 6,300 square feet and was sold at a price of $665 per square foot.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $4,190,000
  • Square Footage: 6,300
  • Price per Square Foot: $665
  • Address: 235 Fifth Avenue, Park Slope, Brooklyn

The sellers of the property were Ann and Phil Prestia, while Chun Lee emerged as the buyer. The transaction was facilitated by brokers John McLellan and Stephen J. Vaillancourt, who represented both parties in the deal.

Players

John Mclellan

Broker

$4.2M

vol

1 deal

Broker

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

3.79%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93