Bestreich Realty Group Facilitates $3.6M Sale Of Mixed-Use Property In Park Slope
370 5th Avenue, New York City, New York 10118, United States
$3,575,000
$691/SF
Building Size
5,169 SF
Asset Type
Mixed-use
Closing
Apr 25, 2022
About this deal
AI
A mixed-use property located at 370 5th Ave. in Park Slope has been sold for a price of $3,575,000. The property spans an area of 5,169 square feet, resulting in a price per square foot of $691. The sale was facilitated by brokers Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates from Bestreich Realty Group (BRG). The seller of the property was Stephen O'Rourke.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,575,000
- Address: 370 5th Ave.
- Market: Park Slope
All residential units within the property were delivered vacant, as mentioned by @BRG_CRE.
Additional representatives involved in the deal were Daniel Shawah and Gabriel Kates from Bestreich Realty Group (BRG). They played a key role in facilitating the transaction, alongside the aforementioned brokers. It is notable that all residential units within the property were vacant at the time of the sale.
On the Map
$3,575,000
$691/SF
Mixed-use
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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
4.44%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93