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Adam J Hess & Edward Setton Of Meridian Capital Group Sell Mixed-use Property In Park Slope For $3.4M

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SOLD
$3,400,000

New York

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Mixed-use6,040 SF
Sold 07/24/2024
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Property Image
SOLD

Adam J Hess & Edward Setton Of Meridian Capital Group Sell Mixed-use Property In Park Slope For $3.4M

493 7th Avenue

See Similar Deals
Mixed-use6,040 SF
Sold 07/24/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$562
Total Square Footage:6,040 SF
Transaction Type:Sale

The property asset involved in this transaction is a mixed-use asset located at 493 7th Ave in the Park Slope neighborhood of Brooklyn. It was sold for $3,400,000, encompassing a total square footage of 6,040 with a price per square foot (PPSF) of $563.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,400,000
  • Address: 493 7th Ave
  • Market: Park Slope, Brooklyn
  • Square Footage: 6,040
  • Price per Square Foot: $563
  • Brokers: Adam J Hess & Edward Setton - Meridian Capital Group

In this transaction, Adam J Hess and Edward Setton represented the seller, highlighting their role in facilitating the sale through Meridian Capital Group. Their involvement signifies the professional expertise contributed to this deal.

Players

Edward (Eddie) Setton
55 deals$251.4M volume
BROKER

Adam J Hess
Sterling Property Group NY
57 deals$251.4M volume
BROKER

Details

SOLD
IMAGE: Adam J Hess & Edward Setton DATE: 07/24/2024 ADDRESS: 493 7th Ave MARKET: Park Slope, Brooklyn ASSET TYPE: Mixed-use BROKERS: Adam J Hess (@TeamHessBK) & Edward Setton - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $3,400,000 SF: 6,040 ~ PPSF: $563

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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