KSR Brokers Sell Mixed Use Property In Park Slope For $2.775M
SOLD
$2,775,000
New York
See Similar DealsMixed-use4,000 SF
Sold 09/30/2022
SOLD
KSR Brokers Sell Mixed Use Property In Park Slope For $2.775M
400 5th Avenue
See Similar DealsMixed-use4,000 SF
Sold 09/30/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$693
Total Square Footage:4,000 SF
Transaction Type:Sale
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,858.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,154.92
Annual Debt Service$157,858.99
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