The Zito Family Acquires Mixed-Use Building In Park Slope For $6.4M

317-327 7th Avenue, Brooklyn, NY, USA

$6,400,000

$1,017/SF

Building Size

6,290 SF

Asset Type

Mixed-use

Closing

May 26, 2020

AI

This mixed-use property located at 317-327 7th Avenue in Park Slope has been sold for $6,400,000. The building spans 6,290 square feet, with a price per square foot of $1,018.

Summary of transation details

Property Type: Mixed-use
Transaction Amount: $6,400,000
Market: Park Slope
Buyer: The Zito Family
Seller: Slope Realty
Brokers: Adam Hess & Edward Setton (Team HessBK - Meridian Investment Sales) and Shamir Seidman (Meridian Capital Group)
Date: 05/26/2021

The Zito Family purchased this property from Slope Realty, with the assistance of brokers Adam Hess, Edward Setton, and Shamir Seidman. The transaction involved financing at 75% loan-to-value, and Seidman also helped the buyer refinance two other nearby properties.

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