Paul D'Avino Acquires Mixed-use Property On 274 3rd Ave. In Park Slope For $2.7M
274 3rd Avenue, Brooklyn, New York 11209, United States
$2,699,000
$699/SF
Building Size
3,860 SF
Asset Type
Mixed-use
Closing
Dec 10, 2021
About this deal
AI
Located at 274 3rd Ave. in Park Slope, this mixed-use property recently changed hands in a sale transaction. The property spans a total of 3,860 square feet, with a sale price of $2,699,000. The price per square foot for this transaction was $699. The sale took place on December 10, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,699,000
- SF: 3,860
- PPSF: $699
- Address: 274 3rd Ave., Park Slope
The buyer of the property was Paul D'Avino, while Josephine Dente acted as the seller. The sale transaction was facilitated by Vito Angelo and Billy Apter from Remax Real Estate Professionals, who served as the brokers representing the buyer and seller respectively.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93