Daisy Lin Acquires Sunset Park Mixed-Use Property For $3.5M
5703 7th Ave, Sunset Park, Brooklyn, NY, USA
$3,500,000
$594/SF
Building Size
5,886 SF
Asset Type
Mixed-use
Closing
Nov 11, 2021
About this deal
AI
A mixed-use property located at 5703-5705 7th Ave. in Sunset Park has been sold in a transaction. The property is zoned as R7A and C2-4, allowing for a variety of uses. The sale took place on November 11, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- Address: 5703-5705 7th Ave.
- Market: Sunset Park
- Zoning: R7A, C2-4
The buyer of the property is Daisy Lin, while the sellers are Fred & Grace Campo. The transaction was facilitated by Vito Angelo from Remax Real Estate Professionals.
The property has a building square footage of 5,886 and a price per square foot of $594. The total building square footage (BSF) is 17,440, resulting in a price per BSF (PPBSF) of $200.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Vito Angelo to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93