Chun Lee Acquires Mixed Use Property In Park Slope, Brooklyn For $4.19M
SOLD
$4,190,000
New York
See Similar DealsMixed-use63,000 SF
Sold
SOLD
Chun Lee Acquires Mixed Use Property In Park Slope, Brooklyn For $4.19M
235 5th Ave, New York, NY 10016, USA
See Similar DealsMixed-use63,000 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$66
Total Square Footage:63000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,886.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,862.74
Annual Debt Service$238,352.85
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