Updated Dec 21, 2023
Suzanne St. Pierre Acquires SFR In Cobble Hill, Brooklyn For $3.29M
222 Kane Street, Cobble Hill, Brooklyn, NY, USA
$3,285,000
$1,368/SF
Building Size
2,400 SF
Asset Type
Single Family Residence
Closing
Mar 2, 2021
About this deal
AI
Located at 222 Kane Street in Cobble Hill, Brooklyn, this single-family residential property was recently sold in a closed transaction. The property, zoned as R6 with LH-1 overlay, offers a total buildable square footage (BSF) of 2,440. With a price per buildable square footage (PPBSF) of $1,346, the transaction was finalized at a selling price of $3,285,000. The property spans 2,400 square feet, resulting in a price per square footage (PPSF) of $1,368. The lot, measuring 1,004 square feet, has previously been altered with a type 1 alteration permit issued on January 22, 1997.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $3,285,000
- Market: Cobble Hill, Brooklyn
- Zoning: R6 with LH-1 overlay
- Buyer: Suzanne St. Pierre
- Seller: Geraldine Hessler
- Buildable Square Footage: 2,440
- Price per Buildable Square Footage: $1,346
- Square Footage: 2,400
- Price per Square Footage: $1,368
- Lot Size: 1,004 square feet
- Last Sale Price: $3,400,000 (October 9, 2018)
- Permits: Alteration type 1 (January 22, 1997)
- Lot Dimensions: 15 ft x 66.92 ft
Suzanne St. Pierre successfully acquired this property from Geraldine Hessler. The transaction represents a noteworthy deal in the Cobble Hill, Brooklyn market. Suzanne St. Pierre was represented by their broker from an undisclosed agency, while Geraldine Hessler's representative was not specified in the available information.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1.4K per square foot on a published $3.3M for 2,400 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
4.83%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93