Elie Fteha & Albert Fatiha Acquire Mixed-Use Property In Park Slope, Brooklyn For $2.6M
SOLD
$2,575,000
+ 2
New York
See Similar DealsOther1,437 SF
Sold 09/13/2018
SOLD
Elie Fteha & Albert Fatiha Acquire Mixed-Use Property In Park Slope, Brooklyn For $2.6M
400 5th Ave, New York, NY 10018, USA
See Similar DealsOther1,437 SF
Sold 09/13/2018
+ 2
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$1,791
Total Square Footage:1,437 SF
Transaction Type:Sale
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
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$137,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,148.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,206.81
Annual Debt Service$146,481.76
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