Adam J Hess & Edward Setton Of Meridian Capital Group Sell Mixed-use Property In Park Slope For $3.4M
493 7th Avenue
$3,400,000
$562/SF
Building Size
6,040 SF
Asset Type
Mixed-use
Closing
Jul 24, 2024
About this deal
AI
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.
On the Map
$3,400,000
$562/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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93