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
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