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291 7th Avenue

Delfino Family Sells Mixed-Use Property At 291 7th Avenue In Park Slope For $4.1M
SOLDMixed-use

Delfino Family Sells Mixed-Use Property At 291 7th Avenue In Park Slope For $4.1M

291 7th Avenue

$4,100,000

$868/SF

Building Size

4,720 SF

Asset Type

Mixed-use

Closing

Jul 16, 2025

AI

This mixed-use property located at 291 7th Avenue in Park Slope, Brooklyn comprises 5 residential units and 1 retail unit. The asset, with a sale price of $4,100,000, spans a total of 4,720 square feet, achieving a price per unit of $683,333 and a price per square foot of $868.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,100,000
  • Units: 6
  • Price per Unit: $683,333
  • Square Feet: 4,720
  • Price per Square Foot: $868
  • Seller: Delfino family
  • Broker: John Brennan - Marcus & Millichap
  • Date: 7/17/2025

John Brennan, representing the Delfino family, facilitated this transaction through the brokerage firm Marcus & Millichap, contributing his industry expertise to the deal. The mix of residential and retail space highlights the diverse potential of the property within the bustling Park Slope market.

Players

John Brennan

Marcus & Millichap

Broker

$187.6M

vol

73 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93