Dimitrios Tsentzelis Acquires Mixed-Use Property In Park Slope, BK For $3.4M
298 7th Ave, Park Slope, Brooklyn, NY, USA
$3,400,000
$764/SF
Building Size
4,448 SF
Asset Type
Mixed-use
Closing
Feb 25, 2019
About this deal
AI
A mixed-use property located at 298 7th Ave in Park Slope, Brooklyn has been sold for a price of $3.4 million. The property spans an area of 4,448 square feet, resulting in a price per square foot of $764.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $3.4M
- Address: 298 7th Ave, Park Slope, BK
- Market: Park Slope, BK
Dimitrios Tsentzelis has purchased the property from Albert Buzzetti. The deal was facilitated by the brokers from Bestreich Realty Group (BRG_CRE), including Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Gabriel Kates.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93