Updated Dec 19, 2023
Jay B. Ringel Acquires Single Family Property In Brooklyn Heights For $6.45M
32 College Place, Brooklyn, New York 11201, United States
$6,450,000
$2,284/SF
Building Size
2,824 SF
Asset Type
Single Family Residence
Closing
Apr 18, 2022
About this deal
AI
A single-family property located at 32 College Place in Brooklyn Heights, Brooklyn has recently been sold. The property is zoned as R7-1 and LH-1, with a lot size of 1,681 square feet. The last recorded sale for the property was on February 11, 2009, for a price of $3,200,000. It has a total square footage of 2,824, with a buildable square footage (BSF) of 5,783, resulting in a price per buildable square foot (PPBSF) of $1,115. The property has a floor area ratio (FAR) of 1.68 and falls under tax class 1. The dimensions of the lot are 20.5 feet by 82 feet.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $6,450,000
- Buyer: Jay B. Ringel
- Seller: Matthew Ammirati
The buyer of the property is Jay B. Ringel, and the seller is Matthew Ammirati. The transaction amount for the sale is $6,450,000. The price per square foot (PPSF) for the property is $2,283. The property has also undergone an alteration permit on September 1, 2004. Additional details about the deal's key individuals and companies are not available.
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 $6.5M for 2,824 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93