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500a 5th Avenue

Hatzipetros Family Sells Mixed-Use Property On 5th Avenue In Brooklyn For $2.7M With Buyers' Reps From Terra CRG, Cosmos Capital Group, And Matheos Realty Group
SOLDMixed-use

Hatzipetros Family Sells Mixed-Use Property On 5th Avenue In Brooklyn For $2.7M With Buyers' Reps From Terra CRG, Cosmos Capital Group, And Matheos Realty Group

500a 5th Avenue

$2,700,000

$750/SF

Building Size

3,600 SF

Asset Type

Mixed-use

Closing

Jan 5, 2023

AI

The mixed-use property located at 500A 5th Avenue in Brooklyn was recently sold in a closed transaction. The property spans 3,600 square feet and was sold for a price of $2,700,000, resulting in a price per square foot of $750.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $2,700,000
  • Address: 500A 5th Avenue, Brooklyn
  • Market: Brooklyn

The sale of this mixed-use property was facilitated by a team of brokers. Matthew Cosentino and Remi Norris represented the sellers, the Hatzipetros Family, through Terra CRG. Dimitri P. Venekas, from Cosmos Capital Group, and Peter Matheos, from Matheos Realty Group, also played crucial roles in the deal.

Players

Dimitri P. Venekas

Cushman & Wakefield

Broker

$82.2M

vol

16 deals

Broker

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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93