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388 7th Avenue, Park Slope,...

Max Koshkerman & Oren Halali Acquire Mixed-Use Property In Park Slope For $2.2M With Broker Jill Kirsch - Luxury Real Estate
SOLDMixed-use

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

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].

Players

Jill Kirsch

Brown Harris Stevens

Broker

$2.2M

vol

1 deal

Broker

Oren Halali

Buyer

$5.2M

vol

2 deals

Buyer

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93