David Lee Acquires Mixed-Use Property In Park Slope For $1.35M
590 5th Avenue, Brooklyn, New York 11215, United States
$1,350,000
$468/SF
Building Size
2,880 SF
Asset Type
Mixed-use
Closing
Jan 27, 2022
AI
The mixed-use property located at 590 5th Avenue in Park Slope has been sold for a price of $1,350,000. The property spans a total of 2,880 square feet, resulting in a price per square foot of $468. The sale took place on January 28, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,350,000
- Address: 590 5th Avenue
- Market: Park Slope
- Buyer: David Lee
- Seller: The Aiello Family
- Broker: Itai Hakimian - HPNY
Itai Hakimian of HPNY represented both the buyer and seller in this transaction. The property, with its mixed-use designation, offers a versatile space for various purposes. The deal, completed on January 28, 2022, highlights the active real estate market in Park Slope, with a sale price of $1,350,000 and a price per square foot of $468.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93