Updated Sep 9, 2024
Raven Property Advisors Facilitates $4M Mixed-Use Sale In Sunset Park
5723 5th Avenue, Brooklyn, New York 11220, United States
$4,000,000
$881/SF
Building Size
4,536 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
About this deal
AI
The mixed-use property located at 5723 5th Ave in Sunset Park has been sold for $4,000,000. The transaction was completed on 23rd March 2022. Spanning across 10,200 square feet, the property offers a price per square foot of $392.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
- Square Footage: 10,200
- Price Per Square Foot: $392
- Address: 5723 5th Ave
- Market: Sunset Park
The sale of the property was facilitated by Raven Property Advisors, with Rich Velotta serving as the broker. Rich Velotta, representing Raven Property Advisors, played a key role in the successful completion of the deal.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93