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
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