Updated Dec 19, 2023
Joffe Craig Acquires Single Family Home In Brooklyn Heights For $8.25M
50 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA
$7,400,000
$1,349/SF
Building Size
5,484 SF
Asset Type
Single Family Residence
Closing
Aug 11, 2021
About this deal
AI
A single-family property located at 15 Willow Street in the Brooklyn Heights neighborhood of Brooklyn has been sold. The property is zoned as R6, LH-1 and has a lot size of 1,813 square feet. The previous sale price of the property was $8,990,000 on June 7, 2019. The property underwent an alteration permit on January 7, 2016. The lot dimensions are 71.08 ft x 25.5 ft.
Summary of transaction details
- Property Type: Single Family
- Address: 15 Willow Street, Brooklyn Heights, Brooklyn
- Market: Brooklyn Heights, Brooklyn
- Buyer: Joffe Craig
- Seller: Giovanna Gray Lockhart
- Transaction Amount: $8,250,000
- Total Square Footage: 3,209 square feet
- Price per Square Foot: $2,570
- Building Square Footage: 4,406 square feet
- Price per Building Square Foot: $1,872
- Last Sale Price: $8,990,000 (06/07/2019)
- Permits: Alteration 3 (01/07/2016)
- Lot Dimension: 71.08 ft x 25.5 ft
- Floor Area Ratio (FAR): 1.77
- Tax Class: 1
Joffe Craig has acquired the property at 15 Willow Street in Brooklyn Heights, Brooklyn. Giovanna Gray Lockhart was the seller in this transaction. The sale price for the property was $8,250,000. The property has a total square footage of 3,209 square feet and a building square footage of 4,406 square feet. The previous sale price of the property was $8,990,000 on June 7, 2019. The property also underwent an alteration permit on January 7, 2016. The lot dimensions are 71.08 ft x 25.5 ft.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $7.4M for 5,484 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93