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17 Prospect Park West, Broo...

Rebecca Wheeler Acquires Single Family Property In Park Slope, Brooklyn For $11.7M
SOLDSingle Family Residence

Rebecca Wheeler Acquires Single Family Property In Park Slope, Brooklyn For $11.7M

17 Prospect Park West, Brooklyn, New York 11215, United States

$11,700,000

$2,228/SF

Building Size

5,250 SF

Asset Type

Single Family Residence

Closing

May 5, 2022

AI

The single-family property located at 17 Prospect Park West in Park Slope, Brooklyn has been sold on May 6, 2022. The asset is situated on a lot with dimensions of 25 feet by 100 feet and has a total lot size of 2,500 square feet. The property is zoned as R8X and falls under tax class 1. It has a floor area ratio (FAR) of 2.10.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $11,700,000
  • Buyer: Rebecca Wheeler
  • Seller: Justin Musumeci
  • Last Sale Price: $12,400,000 (June 26, 2015)
  • Permits: Alteration 2 (August 28, 2015)

The buyer of the property is Rebecca Wheeler, while Justin Musumeci served as the seller. The property was sold for a price of $11,700,000. The building has a total square footage of 5,250 and a price per square foot (PPSF) of $2,229. Additionally, the building has a total buildable square footage (BSF) of 15,050, with a price per buildable square foot (PPBSF) of $777.

Players

Justin Musumeci

Seller

$20.7M

vol

2 deals

Seller

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

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93