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Steven Michael Burns Sells Williamsburg SFR For $3.35M With Jonathan Schulz And Jason Miller As Brokers

Property Image
SOLD
$3,350,000

New York

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Single Family Residence2,178 SF
Sold 04/15/2021
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Property Image
SOLD

Steven Michael Burns Sells Williamsburg SFR For $3.35M With Jonathan Schulz And Jason Miller As Brokers

19 Powers Street, Williamsburg, Brooklyn, NY, USA

See Similar Deals
Single Family Residence2,178 SF
Sold 04/15/2021
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,538
Total Square Footage:2,178 SF
Transaction Type:Sale

Located at 19 Powers Street in Williamsburg, this single-family home has been sold in a recent transaction. The property, spanning 2,178 square feet, was sold for a price of $3,350,000, resulting in a price per square foot of $1,538. The previous sale of the property took place in March 2007 for a price of $770,000.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $3,350,000
  • Square Footage: 2,178
  • Price per Square Foot: $1,538
  • Address: 19 Powers Street, Williamsburg
  • Seller: Steven Michael Burns

Represented by Jonathan Schulz, Jason Miller, and Maggie Wu, the seller in this transaction was Steven Michael Burns. Jonathan Schulz and Jason Miller from The Miller Schulz Team at The Corcoran Group, along with Maggie Wu from Compass, acted as the seller's brokers. It is worth noting that Steven Michael Burns achieved fame as the original host of the children's preschool television program Blue's Clues from 1996 to 2002 and even received a Daytime Emmy nomination in 2001.

Players

Jonathan Schulz
1 deal$3.4M volume
BROKER

Jason Miller
The Corcoran Group
2 deals$9.5M volume(631) 354-5555
BROKER

Margaret (Maggie) Wu
Compass
1 deal$3.4M volume
BROKER

Details

SOLD
IMAGE: Jonathan Schulz, Steven Michael Burns @stevenmichaelburns73 & Jason Miller DATE: 04/15/2021 ADDRESS: 19 Powers Street MARKET: Williamsburg ASSET TYPE: SFR SELLER: Steven Michael Burns BROKER: Jonathan Schulz & Jason Miller @TheMillerSchulzTeam @TheCorcoranGroup & Maggie Wu (@Mag_Wu) @Compass PRICE: $3,350,000 SF: 2,178 ~ PPSF: $1,538 LAST SALE PRICE: $770,000 (03/2007) WIKI: Steven Michael Burns is best known as the original host of the long-running children's preschool television program Blue's Clues from 1996 until 2002, for which he was nominated for a Daytime Emmy in 2001.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$178,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51