Updated Feb 24, 2025
Jeff Sutton Acquires Single Family Property In Gravesend, Brooklyn For $14M
2088 East 3rd Street, Brooklyn, New York 11223, United States
$14,000,000
$2,254/SF
Building Size
6,210 SF
Asset Type
Single Family Residence
Closing
Jul 5, 2022
About this deal
AI
The single family property located at 2088 East 3rd Street in Gravesend, Brooklyn has been sold in a transaction that took place on July 6, 2022. The property, which is zoned as R3-1 and OP, sits on a lot size of 4,500 square feet with dimensions of 45 feet by 100 feet. The total square footage of the property is 6,210, and it has a floor area ratio (FAR) of 1.38. The tax class of the property is class 1.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $14,000,000
- Buyer: Jeff Sutton
- Seller: Ronni Chera
- Building Square Footage (BSF): 2,250
- Price per Building Square Foot (PPBSF): $6,222
- Price per Square Foot (PPSF): $2,254
Jeff Sutton, a real estate buyer, acquired the property from Ronni Chera. The transaction price for the property was $14,000,000. The property has a building square footage (BSF) of 2,250, with a price per building square foot (PPBSF) of $6,222. The price per square foot (PPSF) for the property is $2,254.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $14M for 6,210 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93