Updated Dec 21, 2023
Edward Riew Acquires Single Family Home In Park Slope, Brooklyn For $3.1M
383 6th Street, Brooklyn, New York 11215, United States
$3,800,000
$1,982/SF
Building Size
1,917 SF
Asset Type
Single Family Residence
Closing
Jul 13, 2022
About this deal
AI
The single-family property at 357 5th Street in Park Slope, Brooklyn has been sold for $3,100,000. Situated on a 2,000 square foot lot with dimensions of 20 ft x 100 ft, the property features 2,700 square feet of space. The buyer, Edward Riew, completed the transaction on 11/17/2022, purchasing the property from seller Steven Ross. With a buildable square footage (BSF) of 4,000, the price per buildable square footage (PPBSF) comes to $775. The price per square foot (PPSF) for the existing space is $1,148. The property falls under tax class 1 and the zoning designation is R6B, with a FAR (Floor Area Ratio) of 1.35.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $3,100,000
- Market: Park Slope, Brooklyn
- Buyer: Edward Riew
- Seller: Steven Ross
- BSF: 4,000
- PPBSF: $775
- SF: 2,700
- PPSF: $1,148
- Tax Class: 1
- Zoning: R6B
- Lot Size: 2,000
- Lot Dimension: 20 ft x 100 ft
Note: No additional information is available regarding 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 $3.8M for 1,917 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93