KSR Brokers Sell Mixed Use Property In Park Slope For $2.775M
400 5th Avenue
$2,775,000
$693/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Sep 30, 2022
AI
This mixed-use property located at 400 5th Avenue in Park Slope has been sold in a recent transaction.
Summary of transaction details
- Property Type: Mixed Use
- Sale Price: $2,775,000
- Square Footage: 4,000 SF
- Price Per Square Foot: $694
The property was sold at a 5.5 cap rate, a sign of its attractive investment potential. The sale price of $2,775,000 translates to a price per square foot of $694.
The transaction was facilitated by brokers Dan Shapiro and Charles Fteha from KSR. They represented the parties involved in the deal, ensuring a smooth and successful process.
For any future opportunities or inquiries, please contact Dan Shapiro at [email protected] or Charles Fteha at [email protected].
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93