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1873 East 8th Street, Brook...

Daniel M Levy Acquires Single Family Home In Homecrest, Brooklyn For $3.45M
SOLDSingle Family Residence

Daniel M Levy Acquires Single Family Home In Homecrest, Brooklyn For $3.45M

1873 East 8th Street, Brooklyn, New York 11223, United States

$3,450,000

$2,019/SF

Building Size

1,708 SF

Asset Type

Single Family Residence

Closing

Jun 22, 2022

AI

The single-family property located at 1873 East 8th Street in the Homecrest neighborhood of Brooklyn has been sold. The transaction took place on June 23, 2022, with a sale price of $3,450,000. The property has a building square footage (BSF) of 3,500, resulting in a price per BSF (PPBSF) of $985. The total square footage (SF) of the property is 1,708, with a price per square foot (PPSF) of $2,019. The lot size is 2,800 and has dimensions of 28 ft x 100 ft.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,450,000
  • Market: Homecrest, Brooklyn
  • Zoning: R5, OP
  • Buyer: Daniel M Levy
  • Seller: Abe Sutton
  • BSF: 3,500
  • PPBSF: $985
  • SF: 1,708
  • PPSF: $2,019
  • FAR: 0.61
  • Tax Class: 1
  • Lot Size: 2,800
  • Lot Dimension: 28 ft x 100 ft

Daniel M Levy acted as the buyer in this transaction, representing himself. Abe Sutton was the seller of the property. The property is zoned as R5, OP, and falls under tax class 1. The sale price of $3,450,000 reflects the value of the property in the Homecrest market. The building square footage of 3,500 allows for ample space, while the total square footage of 1,708 provides comfortable living areas. The property's lot size is 2,800 with dimensions of 28 ft x 100 ft. Note that no additional information was provided regarding the transaction.

Players

Daniel Levy

Twenty Nine Great Jones Street Corp.

Buyer

$122.2M

vol

9 deals

Buyer

Abe Sutton

Sutton Management

Seller

$35.5M

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

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93