facebook
Traded Co logo
Submit

Brooklyn Mixed-Use Property Sold For $3.55M With Buyer's Rep Derek Bestreich & Seller's Rep Adam Lobel

Property Image
SOLD
$3,550,000
Luke Sproviero
Gabriel Kates
+ 4

New York

See Similar Deals
MultiFamily4,608 SF
Sold 04/14/2022
the dealplayerscompscontact
Property Image
SOLD

Brooklyn Mixed-Use Property Sold For $3.55M With Buyer's Rep Derek Bestreich & Seller's Rep Adam Lobel

151 4th Avenue, Brooklyn, New York 11217, United States

See Similar Deals
MultiFamily4,608 SF
Sold 04/14/2022
Luke Sproviero
Gabriel Kates
+ 4
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$770
Total Square Footage:4,608 SF
Transaction Type:Sale

The mixed-use property located at 151 4th Ave. in Park Slope, Brooklyn has been sold for a total of $3,550,000. The property spans a total area of 5,026 square feet with a price per square foot of $706. The transaction took place on April 14, 2022, and the sale was facilitated by the Bestreich Realty Group (BRG), with Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates, and Daniel Shawah representing the seller, The Rodriguez Family.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,550,000
  • Address: 151 4th Ave.
  • Market: Park Slope, Brooklyn
  • Square Footage: 5,026
  • Price per Square Foot: $706
  • Seller: The Rodriguez Family
  • Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates, and Daniel Shawah - Bestreich Realty Group (BRG)

If you are interested in selling a similar property or would like to discuss further details of this transaction, reach out to any of the deal team members at Bestreich Realty Group (BRG).

Players

Adam Lobel
137 deals$583.5M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Daniel Shawah
Baldwin Pearson & Co
33 deals$103.9M volume(203) 531-6348
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Gabriel Kates
Block Real Estate Group
59 deals$158.4M volume(508) 365-8278
BROKER

Details

SOLD
IMAGE: Adam Lobel & Daniel Shawah DATE: 04/14/2022 ADDRESS: 151 4th Ave. MARKET: Park Slope, Brooklyn ASSET TYPE: Mixed-use SELLER: The Rodriguez Family BROKERS: Derek Bestreich, Luke Sproviero, Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks), Gabriel Kates (@GabeKates) & Daniel Shawah (@DanielJShawah) - Bestreich Realty Group (BRG) (@BRG_CRE) SALE PRICE: $3,550,000 SF: 5,026 ~ PPSF: $706 NOTE FROM @BRG_CRE: Reach out to any deal team members if you are thinking of selling a similar property or to discuss the finer details of this transaction.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$189,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73