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309 7th Avenue

Simkho Aranbayev Acquires 309 7th Avenue In Park Slope For $4.2M
SOLDMixed-use

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

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:

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.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

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