Mei Dan Wang Acquires Mixed-Use Property In Park Slope, Brooklyn For $3.16M
542 5th Avenue, New York City, New York 10011, United States
$3,160,000
$611/SF
Building Size
5,165 SF
Asset Type
Mixed-use
Closing
Mar 10, 2022
About this deal
AI
A mixed-use property located at 542 5th Ave. in the Park Slope neighborhood of Brooklyn has been sold for a price of $3,160,000. The transaction was finalized on March 11, 2022. The property spans a total area of 5,165 square feet, resulting in a price per square foot of $611. With a total of 3 units, each unit has an average price of $1,053,333.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,160,000
- Address: 542 5th Ave., Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
The buyer of the property is Mei Dan Wang. The transaction was facilitated by Mark Zarrella, Andrew Bronsteen, and Shaun Riney, who represented the buyer through Marcus & Millichap.
Players
New York 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
5.02%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93