Updated Feb 20, 2024
Matthew Novogratz Sells Single Family Home In Cobble Hill For $3.725M
102 Douglass Street, Brooklyn, New York 11231, United States
$3,725,000
$1,826/SF
Building Size
2,040 SF
Asset Type
Single Family Residence
Closing
Sep 14, 2022
About this deal
AI
The property located at 102 Douglass St in Cobble Hill, Brooklyn, was sold by Matthew Novogratz for $3,725,000. The single-family asset spans 2,040 square feet with a price per square foot of $1,825 and a building square footage of 4,000, valued at $931 per square foot. The property features a lot size of 2,000 square feet with a lot dimension of 20 feet by 100 feet. Notably, the asset falls under R6B zoning and has a FAR of 1.02, classified under tax class 1.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,725,000
- Market: Cobble Hill, Brooklyn
- Zoning: R6B
- Square Footage: 2,040
- Price per Square Foot: $1,825
- Building Square Footage: 4,000
- Price per Building Square Foot: $931
- Lot Size: 2,000
- Lot Dimension: 20 ft x 100 ft
- Permits: Alteration 1 (02/25/2021)
- FAR: 1.02
- Tax Class: 1
The deal on 102 Douglass St involved the seller, Matthew Novogratz, who successfully transacted the property. The transaction, closed on 09/15/2022, signifies a significant real estate exchange in Cobble Hill, Brooklyn. The deal included alterations permitted on 02/25/2021, showcasing dynamic changes in the property before its sale.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $3.7M for 2,040 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93