Simkho Aranbayev Acquires 309 7th Avenue In Park Slope For $4.2M
309 7th Avenue
$4,200,000
$696/SF
Building Size
6,028 SF
Asset Type
Mixed-use
Closing
Jul 10, 2024
About this deal
AI
Located at 309 7th Avenue in Park Slope, Brooklyn, the mixed-use property was sold for $4,200,000. Spanning across 6,028 square feet, the sale price per square foot stood at $697.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $4,200,000
- Buyer: Simkho Aranbayev
- Seller: Patrick Rood
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz, Alon Kahan - Investment Property Realty Group (IPRG)
The team involved in this transaction included Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz, and Alon Kahan from Investment Property Realty Group (IPRG). These individuals played key roles in facilitating the acquisition of the mixed-use property at 309 7th Avenue.
On the Map
$4,200,000
$696/SF
Mixed-use
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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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93