Updated Dec 20, 2023
The Lesser Kantha Team Acquires Brooklyn Heights SFR For $8M
141 State Street, Brooklyn, New York 11201, United States
$8,000,000
$1,052/SF
Building Size
7,600 SF
Asset Type
Single Family Residence
Closing
Feb 2, 2022
About this deal
AI
Located in the heart of Brooklyn Heights, the property at 141 State St. recently changed hands in a closed sale transaction. Marketed as a single-family residence, this spacious home offers approximately 7,600 square feet of living space.
Summary of transaction details
- Property Type: Single-family residence
- Transaction Amount: $8,000,000
- Market: Brooklyn Heights
- Date: 02/02/2022
- Square Footage: 7,600
The sale was facilitated by the esteemed brokerage duo Ravi Kantha and Matthew Lesser of The Lesser Kantha Team. Serving as representatives for the buyer and seller, Ravi Kantha and Matthew Lesser played integral roles in successfully closing this deal.
The property commanded a noteworthy sale price of $8,000,000, amounting to a price per square foot of $1,052.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $8M for 7,600 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93