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756 Union Street, Brooklyn,...

Uri Koptiev Acquires Mixed-Use Property In Park Slope For $7.35M
SOLDMultiFamily

Uri Koptiev Acquires Mixed-Use Property In Park Slope For $7.35M

756 Union Street, Brooklyn, New York 11215, United States

$7,350,000

$862/SF

Building Size

8,526 SF

Asset Type

MultiFamily

Closing

May 25, 2022

AI

756 Union St. in Park Slope has been sold for a total of $7,350,000. This mixed-use property spans 11,000 square feet, resulting in a price per square foot of $668. The sale took place on May 26, 2022, with Uri Koptiev as the buyer. Uri Koptiev was represented by Rich Velotta from Raven Property Advisors.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7,350,000
  • Address: 756 Union St.
  • Market: Park Slope
  • Square Footage: 11,000
  • Price per Square Foot: $668
  • Buyer: Uri Koptiev
  • Broker: Rich Velotta - Raven Property Advisors

Uri Koptiev, the buyer, acquired the mixed-use property at 756 Union St. in Park Slope. Rich Velotta from Raven Property Advisors represented Uri Koptiev in the transaction.

Players

Richard Velotta

Raven Property Advisors

Broker

$409M

vol

30 deals

Broker

Uri Koptiev

Buyer

$15M

vol

6 deals

Buyer

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

2.16%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93