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392 5th Avenue

Terra CRG & Raven Property Advisors Facilitate $2.675M Mixed-Use Sale In Park Slope, Brooklyn
SOLDMixed-use

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

Richard Velotta

Raven Property Advisors

Broker

$409M

vol

30 deals

Broker

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