Anthony Guarna Acquires SRO In Park Slope For $1M
47 Prospect Place, Brooklyn, NY 11217, USA
$1,000,000
$328/SF
Building Size
3,040 SF
Asset Type
Co-Op
Closing
Aug 25, 2021
About this deal
AI
Located in Park Slope, the property at 47 Prospect Place has been sold in a recent transaction. The asset, classified as a Single Room Occupancy (SRO), offers a total space of 3,040 square feet. The sale price for the property was $1,000,000, resulting in a price per square foot of $328. The SRO comprises one Class A unit and seven Class B units, all of which are occupied by long-term tenants. The sale included the property in its current condition, without a Certificate of No Harassment (CONH), and with the tenants in place.
Summary of transaction details:
- Property Type: SRO
- Transaction Amount: $1,000,000
- Address: 47 Prospect Place
- Market: Park Slope
Derek Bestreich, Adam Lobel, and Toby Waring from Bestreich Realty Group represented the buyer, Anthony Guarna, in the transaction. The seller, Gail Neal, was represented by the same team of brokers. The deal was successfully closed on August 25, 2021, facilitating the transfer of ownership for the SRO property.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93