Simkho Aranbayev Acquires 309 7th Avenue In Park Slope For $4.2M
SOLD
$4,200,000
+ 3
New York
See Similar DealsMixed-use6,028 SF
Sold 07/10/2024
SOLD
Simkho Aranbayev Acquires 309 7th Avenue In Park Slope For $4.2M
309 7th Avenue
See Similar DealsMixed-use6,028 SF
Sold 07/10/2024
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$696
Total Square Footage:6,028 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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