Updated Dec 21, 2023
Piers Fawkes Acquires Single Family Property On Lafayette Avenue In Clinton Hill For $4.07M
258 Lafayette Avenue, Brooklyn, New York 11238, United States
$4,070,000
$1,159/SF
Building Size
3,509 SF
Asset Type
Single Family Residence
Closing
Sep 13, 2021
About this deal
AI
The single-family property located at 258 Lafayette Avenue in Clinton Hill, Brooklyn has been sold for a price of $4,070,000. The property has a building square footage (BSF) of 2,040 with a price per BSF (PPBSF) of $1,995. The total square footage (SF) of the property is 3,509, with a price per SF (PPSF) of $1,160. The lot size is 1,020 square feet, and the lot dimensions are 20.33 feet by 51.25 feet. The previous sale of the property was on April 15, 2011, for a price of $1,300,000. The property is zoned as R6B, with a floor area ratio (FAR) of 3.44 and tax class 1.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,070,000
- Market: Clinton Hill, Brooklyn
- Buyer: Piers Fawkes
- Seller: Elisabeth Jane Virga
Piers Fawkes has purchased the property at 258 Lafayette Avenue from Elisabeth Jane Virga. The transaction date was on September 14, 2021. The property has a zoning classification of R6B, with a FAR of 3.44. The lot size is 1,020 square feet, and the lot dimensions are 20.33 feet by 51.25 feet. The previous sale price of the property was $1,300,000 on April 15, 2011. It is a single-family property with a total building square footage of 2,040 and a total square footage of 3,509.
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New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $4.1M for 3,509 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.90%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93