Meridian Capital Group Brokers Sell Mixed-Use Property In Park Slope, Brooklyn For $3.8M
463 4th Avenue
$3,825,000
$543/SF
Building Size
7,040 SF
Asset Type
Mixed-use
Closing
Jan 17, 2023
About this deal
AI
A mixed-use property located at 463 4th Avenue in Park Slope, Brooklyn has been sold for a total of $3,825,000. The property spans across 7,040 square feet and is characterized by its versatile use for both residential and commercial purposes. The transaction was closed on January 17, 2023.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,825,000
- Square Footage: 7,040
- Price per Square Foot: $543
- Address: 463 4th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
The sale of this mixed-use property was facilitated by Adam J Hess and Edward Setton from Meridian Capital Group. As representatives of the buyers, sellers, landlords, or tenants involved in the deal, they played a significant role in ensuring a smooth transaction for all parties involved.
Players
Park Slope, Brooklyn NY 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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93