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
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