Updated Dec 21, 2023
Andrew Schulte Acquires Single Family Property In Boerum Hill, Brooklyn For $8.5M
232 Dean Street, Brooklyn, New York 11217, United States
$8,500,000
$2,001/SF
Building Size
4,247 SF
Asset Type
Single Family Residence
Closing
Aug 10, 2022
About this deal
AI
Located at 232 Dean Street in Boerum Hill, Brooklyn, this single-family property was recently sold in a closed transaction on 08/11/2022. The property, zoned as R6B, offers a lot size of 2,167 square feet and boasts a FAR of 1.96. The property's dimensions measure 21.67 ft x 100 ft, providing ample space for comfortable living.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,500,000
- Building Square Feet (BSF): 4,334
- Price Per Building Square Foot (PPBSF): $1,961
- Property Square Feet (PSF): 4,247
- Price Per Square Foot (PPSF): $2,001
- Tax Class: 1
- Last Sale Price: $2,550,000 (09/04/2012)
- Permits: Alteration 3 (08/26/2016)
The buyer of this property is Andrew Schulte, while the seller is Elanore Hawke. This deal represents a noteworthy investment in the vibrant Boerum Hill market in Brooklyn. Both parties were represented by their respective brokers in this transaction.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2K per square foot on a published $8.5M for 4,247 square feet (2022).
Browse New York single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93