Sean Lefkovits And David Lloyd Of Davean Holdings Acquire Mixed-Use Property In Park Slope For $3.1M
426 7th Avenue, Brooklyn, NY 11215
$3,100,000
$704/SF
Building Size
4,400 SF
Asset Type
Mixed-use
Closing
Dec 29, 2021
AI
Located in Park Slope, the mixed-use property at 426 7th Avenue was recently sold in an off-market transaction. The property features a total square footage of 4,400, with a price per square foot of $704. The sale price for this transaction was $3,100,000. The property is zoned as R6A and C2-4, allowing for various use possibilities. Its 1,600 sq ft lot has dimensions of 20 x 80 ft. The property falls under tax class 2A, and it has a FAR of 2.75.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Market: Park Slope
- Zoning: R6A, C2-4
The buyers of the property, Sean Lefkovits and David Lloyd of @DaveanHoldings, acquired it from the seller, Louis Collina. The deal was facilitated by Lev Mavashev and Ben Normatov from Alpha Realty. Davean Holdings already owns several buildings in the vicinity and actively seeks more opportunities in prime Brooklyn and Manhattan.
It's worth mentioning that Sean Lefkovits, one of the buyers, made a substantial profit through the sale of a rare zombie wolf NFT in Wolf Game. He bought the NFT for 4 ETH and sold it for 58 ETH just 30 days later, resulting in a profit of $220,000. The Wolf Game NFT is a leading Play 2 Earn NFT in the NFT Market.
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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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93