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47 Prospect Place, Brooklyn...

Updated Dec 21, 2023

Anthony Guarna Acquires SRO In Park Slope For $1M
SOLDCo-Op

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$628.5M

vol

147 deals

Broker

New York Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Deal FAQ

About $328 per square foot on a published $1M for 3,040 square feet (2021).

Visit Toby Waring to view all their deals.

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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

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