Updated Nov 20, 2023
Aaron Husock Acquires Single Family Property On Park Place In Prospect Heights, Brooklyn
294 Park Place, Brooklyn, New York 11238, United States
$5,260,000
$1,315,000/SF
Building Size
4 SF
Asset Type
Single Family Residence
Closing
Nov 22, 2022
About this deal
AI
294 Park Place, located in Prospect Heights, Brooklyn, was recently sold in a closed transaction. The property is a single-family home with a total square footage of 4,032. The sale price for this property was recorded at $5,260,000, with a price per square foot of $1,304. The building has a total floor area of 4,978 square feet, resulting in a price per buildable square foot of $1,056. The lot size is 2,489 square feet, with dimensions measuring 19 feet by 131 feet. The property falls under tax class 1 and has a floor area ratio (FAR) of 1.62. Notably, the property underwent an alteration 2 permit on January 17, 2008.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,260,000
- Buyer: Aaron Husock
- Seller: Mary C Orr
Aaron Husock, represented by his broker, successfully acquired 294 Park Place. Mary C Orr, the seller, engaged in the transaction through her own representation. The deal closed on November 22, 2022. The property is zoned as R6B, further adding to its appeal.
Players
Brooklyn Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3M per square foot on a published $5.3M for 4 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93