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400 5th Ave, New York, NY 1...

Elie Fteha & Albert Fatiha Acquire Mixed-Use Property In Park Slope, Brooklyn For $2.6M
SOLDOther

Elie Fteha & Albert Fatiha Acquire Mixed-Use Property In Park Slope, Brooklyn For $2.6M

400 5th Ave, New York, NY 10018, USA

$2,575,000

$1,791/SF

Building Size

1,437 SF

Asset Type

Other

Closing

Sep 12, 2018

AI

The mixed-use property located at 400 5th Avenue in Park Slope, Brooklyn has been sold for a price of $2,575,000. The property spans a total of 4,000 square feet, resulting in a price per square foot of $644.

Summary of transaction details:

  • Property Type: Mixed Use
  • Transaction Amount: $2,575,000
  • Address: 400 5th Avenue
  • Market: Park Slope, Brooklyn

The seller of the property is Silvershore, represented by David Shorenstein and Jason Silverstein. The buyer, Elie Fteha and Albert Fatiha, led the transaction. The deal was facilitated by brokers Victor Sozio, Stephen Vorvolakos, and Daniel Mahfar.

Players

Daniel Mahfar

Ariel Property Advisors

Broker

$753M

vol

42 deals

Broker
David Shorenstein

David Shorenstein

Silvershore

Seller

$187.3M

vol

60 deals

Seller
Mizuho bank
Mizuho bankLender

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.16%

Cash-on-Cash

-1.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93