Cheung Family Acquires Mixed-Use Property In Park Slope For $2.2M With Bobby Lawrence - B6 Real Estate Advisors
64 4th Avenue, Brooklyn, New York 11217, United States
$2,200,000
$733/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Sep 20, 2022
About this deal
AI
The mixed-use property located at 64 4th Ave. in Park Slope has been sold for a price of $2,200,000. The transaction took place on September 21, 2022. The property spans across 3,000 square feet, resulting in a price per square foot of $733. The sale was facilitated by Bobby Lawrence of B6 Real Estate Advisors, representing the seller, the Cristallo Family, and the buyer, the Cheung Family. The property was delivered vacant and unrenovated, requiring environmental remediation.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Square Footage: 3,000
- Price per Square Foot: $733
- Address: 64 4th Ave., Park Slope
- Market: Park Slope
If you have any further inquiries about the property or the transaction, you can reach out to Bobby Lawrence at [email protected] or (908) 616-5799.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93