Max Koshkerman & Oren Halali Acquire Mixed-Use Property In Park Slope For $2.2M With Broker Jill Kirsch - Luxury Real Estate
388 7th Avenue, Park Slope, Brooklyn, NY, USA
$2,200,000
$704/SF
Building Size
3,124 SF
Asset Type
Mixed-use
Closing
Oct 12, 2021
About this deal
AI
A mixed-use property located at 388 7th Avenue in Park Slope has been sold for a total of $2,200,000. The property spans 3,124 square feet, resulting in a price per square foot of $704. The sale was facilitated by Jill Kirsch of Luxury Real Estate, who represented the buyer, Max Koshkerman, and Oren Halali. The seller in this transaction was Amaya Jose Donaldo.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Address: 388 7th Avenue, Park Slope
- Square Footage: 3,124
- Price per Square Foot: $704
A note of gratitude was given by Max Koshkerman, one of the buyers, who expressed appreciation for Jill Kirsch's hard work in the deal. Koshkerman and Halali are actively seeking more opportunities and encourage interested parties to reach out to them at [email protected].
On the Map
$2,200,000
$704/SF
Mixed-use
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Players
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93