Ziade Family Acquires Mixed-Use Property On 5th Ave. In Park Slope, Brooklyn For $4.8M. - Marcus & Millichap Brokers
75 5th Avenue
$4,835,000
$895/SF
Building Size
5,400 SF
Asset Type
Mixed-use
Closing
Sep 20, 2022
About this deal
AI
The mixed-use property located at 75-75A 5th Ave. in Park Slope, Brooklyn has been sold for a price of $4,835,000. The transaction took place on September 20, 2022. Spanning across 5,400 square feet, the property was sold at a rate of $895 per square foot.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,835,000
- Address: 75-75A 5th Ave., Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Buyer: Ziade Family
- Seller: Tammam Family
- Brokers: Mark Zarrella & Shaun Riney - Marcus & Millichap
- Square Footage: 5,400
- Price per Square Foot: $895
The transaction was facilitated by Mark Zarrella and Shaun Riney from Marcus & Millichap, who represented the buyer and seller respectively.
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
3.28%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93