Updated Dec 21, 2023
Hymie Mishah Acquires Single Family Home In Homecrest, Brooklyn For $4.8M
2021 E 8 St, Brooklyn, New York 11223, United States
$4,835,000
$948/SF
Building Size
5,100 SF
Asset Type
Single Family Residence
Closing
Dec 15, 2021
About this deal
AI
A single-family property located at 2021 East 8 Street in the Homecrest neighborhood of Brooklyn has been sold in a transaction dated December 16, 2021. The property is zoned as R5, OP, and sits on a lot size of 4,000 square feet with dimensions of 40 ft x 100 ft. The building has a total square footage of 5,100 and a building square footage of 5,000. The property was sold at a price of $4,835,000, resulting in a price per square foot of $948 and a price per building square foot of $967. The last recorded sale of the property was on September 14, 1998, at a price of $0. The property falls under tax class 1 with a floor area ratio (FAR) of 1.28.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,835,000
- Market: Homecrest, Brooklyn
- Zoning: R5, OP
- Lot Size: 4,000 sqft
- Building Square Footage: 5,000 sqft
- Price per Square Foot: $948
- Price per Building Square Foot: $967
- Last Sale Price: $0 (9/14/1998)
- Tax Class: 1
- Floor Area Ratio (FAR): 1.28
The buyer in this transaction is Hymie Mishah, while the seller is Abraham Shalam. They both played key roles in the deal as the buyer and seller respectively.
Players
Brooklyn Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $948 per square foot on a published $4.8M for 5,100 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
3.28%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93