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400 5th Avenue

KSR Brokers Sell Mixed Use Property In Park Slope For $2.775M
SOLDMixed-use

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

Dan Shapiro

Kassin Sabbagh Realty

Broker

$105.1M

vol

11 deals

Broker

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

5.72%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93