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
About this deal
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.
On the Map
$2,700,000
$750/SF
Mixed-use
View full map
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Remi Norris to view all their deals.
Browse Brooklyn mixed use sales on Traded.
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