Updated Dec 20, 2023
Andre Gouvea Acquires SFR In Dumbo From Roy Chan For $4.26M
171 Water Street, Dumbo, Brooklyn, NY, USA
$4,260,000
$1,229/SF
Building Size
3,465 SF
Asset Type
Single Family Residence
Closing
May 9, 2021
About this deal
AI
The property located at 171 Water Street in Dumbo was recently sold for a total sales price of $4,260,000. This Single Family Residential (SFR) property has a building square footage (BSF) of 5,460, resulting in a price per BSF of $780. The property itself spans across 3,465 square feet, giving it a price per square foot (PPSF) of $1,229. The zoning for this property is M1-4/R8A, MX-2, allowing for various uses.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,260,000
- Market: Dumbo
- Zoning: M1-4/R8A, MX-2
The buyer in this transaction was Andre Gouvea, while the seller was Roy Chan. The property has a floor area ratio (FAR) of 3.82 and falls under tax class 1. The lot size is 915 square feet. The property was last sold on June 5, 2015, for a price of $4,174,825. Additionally, there was a permit for alteration type 2 issued on August 30, 2013. The lot dimensions are 18 feet by 50.42 feet.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $4.3M for 3,465 square feet (2021).
Browse New York single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.72%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93