SOLD
Slope Realty Sells Mixed-Use Property In Park Slope, Brooklyn For $4.55M
396 7th Avenue
Mixed-use
7,244 SF
7,244 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
7,244 sqft
The mixed-use property located at 396 7th Avenue in Park Slope, Brooklyn has been sold in a closed transaction. The property consists of 2 commercial units and 6 residential units, offering a total of 7,244 square feet. The sale price for this transaction was $4,550,000, resulting in a price per square foot of $628. This indicates a cap rate of 5.5% for the property.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,550,000
- Address: 396 7th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Asset Type: Mixed-use
The seller of the property is Slope Realty. The deal was facilitated by brokers Adam Hess and Edward Setton from Meridian Capital Group.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: IMAGE: Adam Hess & Edward Setton
DATE: 10/09/2020
ADDRESS: 396 7th Avenue
MARKET: Park Slope, Brooklyn
ASSET TYPE: Mixed-use
SELLER: Slope Realty
BROKERS: Adam Hess, Edward Setton @Meridian.Capital.Group
SALE PRICE: $4,550,000
SF: 7,244 ~ PPSF: $628
UNITS: 2 (Commercial) + (6 Residential)
PPU: $568,750 CAP: 5.5%View on map
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Address396 7th Avenue
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