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
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