Jae Lim Buys Mixed-Use Property In Park Slope For $3.6M
312 7th Avenue, Brooklyn, NY, USA
$3,600,000
$849/SF
Building Size
4,238 SF
Asset Type
Mixed-use
Closing
Mar 28, 2019
About this deal
AI
A mixed-use property located at 312 7th Ave in Park Slope was recently sold for a total of $3,600,000. The sale took place on March 29, 2019. The property spans a total area of 4,238 square feet, resulting in a price per square foot of $850. It consists of 3 units, including 2 apartments and 1 store.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,600,000
- Address: 312 7th Ave, Park Slope
- Market: Park Slope
- Square Footage: 4,238
- Price per Square Foot: $850
- Units: 3 (2 Apartments & 1 Store)
- Seller: Margaret Cossean
- Buyer: Jae Lim
The transaction was facilitated by the brokers @brg_cre, including Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Gabe 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93