Updated Dec 20, 2023
Compass Acquires Single Family Home On South Portland Ave In Brooklyn For $6.5M
49 South Elliott Place, Brooklyn, New York 11217, United States
$3,750,000
$1,129/SF
Building Size
3,320 SF
Asset Type
Single Family Residence
Closing
Nov 21, 2021
About this deal
AI
The property involved in this transaction is a single-family home located at 11A South Portland Ave in Brooklyn. The sale took place on 11/01/2022. The buyer's representative is Alex Lacroix from Compass, and the seller's representative is Tricia Lee from Serhant. The sale price for the property was $6,500,000. The property has a total square footage of 4,913, resulting in a price per square foot of $1,323.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $6,500,000
- Address: 11A South Portland Ave, Brooklyn
- Market: Brooklyn
- Buyer's Rep: Alex Lacroix - Compass
- Seller's Rep: Tricia Lee - Serhant
- SF: 4,913
- PPSF: $1,323
Alex Lacroix from Compass represented the buyer in this transaction, while Tricia Lee represented the seller. This successful deal highlights the expertise and negotiation skills of both parties involved.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93