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541 1st Street, Brooklyn, N...

Sander Krauss Acquires SFR In Park Slope, Brooklyn For $7.4M From Michael Murphy
SOLD

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

Michael Murphy

Douglas Elliman

Broker

$94.4M

vol

23 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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