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
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