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151 4th Avenue, Brooklyn, N...

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

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

$3,550,000

$770/SF

Building Size

4,608 SF

Asset Type

MultiFamily

Closing

Apr 13, 2022

AI

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

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker
Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker

Rodriguez Family

Seller

$6.6M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93