Gazit Horizons Acquires Retail Property In Park Slope For $17.25M
555 5th Avenue, Brooklyn, NY 11215
$17,250,000
$862/SF
Building Size
19,992 SF
Asset Type
Retail
Closing
Dec 17, 2021
About this deal
AI
A retail property located at 555 5th Avenue in Park Slope has been sold in a closed transaction. The asset type for this property is retail and it falls under the zoning category of C4-3A. The transaction took place on 12/17/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,250,000
- Square Footage: 19,992
- Price per Square Foot: $862
- Address: 555 5th Avenue, Park Slope
Gazit Horizons was the buyer in this transaction, while Peter Botsaris served as the seller. The deal was facilitated by the brokers Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford from JLL.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93