Kohn Family Acquires Mixed-Use Property On 5th Avenue In South Slope, Brooklyn For $1.65M
714 5th Avenue
$1,650,000
$485/SF
Building Size
3,400 SF
Asset Type
Mixed-use
Closing
Jan 11, 2024
About this deal
AI
The mixed-use property located at 714 5th Avenue in South Slope, Brooklyn has been sold for $1,650,000. Spanning a total of 3,400 square feet, the property offers a diverse range of potential uses. With a price per square foot of $485, this transaction represents a significant investment in the area.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,650,000
- Square Footage: 3,400
- Price Per Square Foot: $485
- Date: 01/11/2024
- Address: 714 5th Avenue
- Market: South Slope, Brooklyn
The buyers of this property are the Kohn Family, while the Supersad Family acted as the sellers. Facilitating the transaction was Marcel Fridman from the Barcel Group, who represented both parties in the deal. With their expertise, Fridman ensured a successful sale of this valuable mixed-use asset.
On the Map
$1,650,000
$485/SF
Mixed-use
View full map
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Marcel Fridman 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93