Terra CRG & Raven Property Advisors Facilitate $2.675M Mixed-Use Sale In Park Slope, Brooklyn
392 5th Avenue
$2,675,000
$759/SF
Building Size
3,520 SF
Asset Type
Mixed-use
Closing
Jan 31, 2024
AI
The mixed-use property located at 392 5th Avenue in Park Slope, Brooklyn has been sold. The transaction took place on January 31, 2024. The property spans a total area of 3,520 square feet and was sold for a price of $2,675,000, resulting in a price per square foot of $760.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,675,000
- Address: 392 5th Avenue, Park Slope, Brooklyn
- Square Footage: 3,520
- Price per Square Foot: $760
- Market: Park Slope, Brooklyn
The buyer's representation in this transaction was provided by Remi Norris and Matthew Cosentino from Terra CRG. On the other hand, the seller was represented by Kevin West and Rich Velotta from Raven Property Advisors.
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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93