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Vipul Patel Acquires Mixed-use Building At 403 5th Avenue Park Slope Brooklyn For $3.8M

Property Image
SOLD
$3,800,000

New York

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Mixed-use5,400 SF
Sold 01/21/2026
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Property Image
SOLD

Vipul Patel Acquires Mixed-use Building At 403 5th Avenue Park Slope Brooklyn For $3.8M

403 5th Avenue

See Similar Deals
Mixed-use5,400 SF
Sold 01/21/2026
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$703
Total Square Footage:5,400 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 403 5th Avenue in the Park Slope area of Brooklyn. The building comprises two units, consisting of both retail and office spaces. The sale price for this asset was $3,800,000, with a total square footage of 5,400, translating to a price per square foot of $704.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,800,000
  • Address: 403 5th Avenue
  • Market: Park Slope, Brooklyn
  • Buyer: Vipul Patel
  • Seller: Iftikhar Din
  • Buyer’s Company: Vipul Patel’s 403 5th Avenue LLC
  • Seller’s Company: Iftikhar Din’s Pak Slope Enterprises LLC
  • Sale Date: January 21, 2026
  • Total Square Feet: 5,400
  • Price Per Square Foot: $704

This transaction featured key individuals representing the buyer and seller, with Vipul Patel acquiring the property and Iftikhar Din facilitating the sale through his company. Both parties were involved in the exchange that finalized the ownership of the mixed-use property in Brooklyn.

Players

3 deals$13.7M volume
BUYER

Details

SOLD
IMAGE: 01/21/2026 ADDRESS: 403 5th Avenue MARKET: Park Slope, Brooklyn ASSET TYPE: Mixed-use BUYER: Vipul Patel SELLER: Iftikhar Din SALE PRICE: $3,800,000 SF: 5,400 ~ PPSF: $704 NOTE: Vipul Patel’s 403 5th Avenue LLC bought the two-unit retail and office building at 403 5th Avenue, Park Slope, Brooklyn, from Iftikhar Din’s Pak Slope Enterprises LLC for $3.8 million, closing January 21, 2026.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
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