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2026 East 5th Street, Brook...

Updated Dec 19, 2023

David Feldman Acquires SFR In Gravesend, Brooklyn For $6.8M
SOLD

David Feldman Acquires SFR In Gravesend, Brooklyn For $6.8M

2026 East 5th Street, Brooklyn, New York 11223, United States

$6,800,000

$2,098/SF

Building Size

3,240 SF

Asset Type

Closing

Jan 31, 2022

About this deal

AI

Located at 2026 East 5th Street in the Gravesend neighborhood of Brooklyn, this single-family home (SFR) was recently sold in a closed transaction. The property is zoned as R2X, OP, and sits on a lot size of 4,000 square feet with dimensions of 40 ft x 100 ft. The property has a floor area ratio (FAR) of 0.81 and falls under tax class 1.

Summary of transaction details:

  • Property Type: Single-Family Home (SFR)
  • Transaction Amount: $6,800,000
  • Price per Square Foot (PPSF): $2,098
  • Building Square Feet (BSF): 3,400
  • Price per Building Square Foot (PPBSF): $2,000
  • Square Footage (SF): 3,240
  • Buyer: David Feldman
  • Seller: Alan Safdeye

This transaction involved two key individuals: David Feldman, who acted as the buyer, and Alan Safdeye, who acted as the seller. The deal, closed on 02/01/2022, resulted in a transaction amount of $6,800,000. The property's square footage is 3,240 SF, with a price per square foot of $2,098. The building covers a floor area of 3,400 BSF, resulting in a price per building square foot of $2,000. The property's lot size is 4,000 square feet, with dimensions of 40 ft x 100 ft. This sale in the Gravesend market of Brooklyn showcased the value of this single-family home in the area.

Players

David Feldman

Buyer

$35.3M

vol

3 deals

Buyer

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

David Feldman bought a home in New York for $6.8M in 2022. The full closing is on this page.

About $2.1K per square foot on a published $6.8M for 3,240 square feet (2022).

Visit David Feldman to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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