Davean Holdings, Sean Lefkovits, David Lloyd, And Lance Lefkovits Acquire Mixed-Use Property In Brooklyn For $3.3M
420 7th Avenue, Brooklyn, NY, USA
$3,300,000
$735/SF
Building Size
4,487 SF
Asset Type
Mixed-use
Closing
Sep 3, 2021
About this deal
AI
Located at 420 7th Avenue in Brooklyn, this property is a mixed-use asset with a total square footage of 4,487. It is zoned as R6A and C2-4, with a tax class of 2A. The sale took place on September 3, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,300,000
- Address: 420 7th Avenue, Brooklyn
- Market: Brooklyn
- Square Footage: 4,487
The buyer, Davean Holdings, represented by Sean Lefkovits, David Lloyd, and Lance Lefkovits, acquired the property from the seller, 420 Park Slope Realty. The transaction was facilitated by Kyle Talbott from Corcoran.
According to @DaveanHoldings, the property falls under Tax Class 2A and is 100% free market. The residential portion of the property was delivered vacant. This sale marks the first of a total of 13 closings expected to take place over the next 45 days. For more information, interested parties can contact Davean Holdings at [email protected].
On the Map
$3,300,000
$735/SF
Mixed-use
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Players
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93