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