SOLD
The Zito Family Acquires Mixed-Use Building In Park Slope For $6.4M
317-327 7th Avenue
Mixed-use
6,290 SF
6,290 SF
Summary
Sale
NEW YORK
Mixed-use
6,290 sqft
This mixed-use property located at 317-327 7th Avenue in Park Slope has been sold for $6,400,000. The building spans 6,290 square feet, with a price per square foot of $1,018.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $6,400,000
- Market: Park Slope
- Buyer: The Zito Family
- Seller: Slope Realty
- Brokers: Adam Hess & Edward Setton (Team HessBK - Meridian Investment Sales) and Shamir Seidman (Meridian Capital Group)
- Date: 05/26/2021
The Zito Family purchased this property from Slope Realty, with the assistance of brokers Adam Hess, Edward Setton, and Shamir Seidman. The transaction involved financing at 75% loan-to-value, and Seidman also helped the buyer refinance two other nearby properties.
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Details
SOLD
IMAGE: Shamir Seidman, Adam Hess & Edward Setton
DATE: 05/26/2021
ADDRESS: 317-327 7th Avenue
MARKET: Park Slope
ASSET TYPE: Mixed-use
BUYER: The Zito Family
SELLER: Slope Realty
BROKERS: Adam Hess & Edward Setton - @TeamHessBK - Meridian Investment Sales & Shamir Seidman - Meridian Capital Group
SALE PRICE: $6,400,000
SF: 6,290 ~ PPSF: $1,018
NOTE FROM MERIDIAN: Hess and Setton sold the building to tenant Smiling Pizza 🍕helping the owners of the shop realize their dream of owning the building after operating the Pizza Shop in this location for nearly 50 years 🎉 🥳 Meridian Capital Group's Shamir Seidman assisted the borrower with the purchase, obtaining financing at 75% loan-to-value in addition to refinancing two other nearby properties for the same borrower.View on map
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Address317-327 7th Avenue
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