Sander Krauss Acquires SFR In Park Slope, Brooklyn For $7.4M From Michael Murphy
541 1st Street, Brooklyn, New York 11215, United States
$7,400,000
$1,601/SF
Building Size
4,620 SF
Asset Type
—
Closing
Jan 27, 2022
AI
A single-family residential property located at 541 1st Street in Park Slope, Brooklyn has been sold. The property has a total square footage of 4,620 and is zoned as R7B. The transaction took place on January 28, 2022, with a sale price of $7,400,000. The building has a floor area ratio (FAR) of 2.31 and is classified under tax class 1. The lot size is 2,000 square feet, with dimensions of 20 ft x 100 ft. The previous sale of the property was on September 4, 2020, for a price of $3,500,000. An alteration permit was obtained on December 7, 2021.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $7,400,000
- Buyer: Sander Krauss
- Seller: Michael Murphy
- Total Square Footage: 4,620
- Price per Square Foot: $1,602
- Building Square Footage: 6,000
- Price per Building Square Foot: $1,233
- Floor Area Ratio (FAR): 2.31
- Lot Size: 2,000 square feet
- Last Sale Price: $3,500,000 (September 4, 2020)
- Permits: Alteration (December 7, 2021)
- Lot Dimension: 20 ft x 100 ft
The buyer of the property is Sander Krauss, while the seller is Michael Murphy. The property was purchased at a price of $7,400,000. Sander Krauss was represented by their broker from [Insert Buyer's Brokerage Name]. Michael Murphy was represented by their broker from [Insert Seller's Brokerage Name].
Players
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Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93