Updated Dec 18, 2023
Eduard Korsinsky Acquires Single Family Property In Midwood, Brooklyn For $3.7M
1121 East 22nd Street, Brooklyn, New York 11210, United States
$3,700,000
$1,401/SF
Building Size
2,640 SF
Asset Type
Single Family Residence
Closing
Sep 6, 2022
About this deal
AI
A single-family property located at 1121 East 22nd Street in Midwood, Brooklyn has been sold. The property is zoned as R2 and sits on a lot with dimensions of 40 ft x 100 ft, with a total lot size of 4,000 square feet. The sale was completed on September 7, 2022, with a sale price of $3,700,000. The property has a building square footage of 2,640 and a price per square foot of $1,401. The buyer, Eduard Korsinsky, purchased the property from Zev Rosengarten.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,700,000
- Market: Midwood, Brooklyn
- Zoning: R2
- Buyer: Eduard Korsinsky
- Seller: Zev Rosengarten
It is worth mentioning that the property has a floor area ratio (FAR) of 0.66 and falls under tax class 1. Additionally, an alteration permit was issued for the property on March 11, 2005.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $3.7M for 2,640 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93