Updated Dec 18, 2023
George Lee Acquires 370 8th Street Single Family In Park Slope, Brooklyn For $5.2M
370 8th Street, Brooklyn, New York 11215, United States
$5,200,000
$1,997/SF
Building Size
2,603 SF
Asset Type
Single Family Residence
Closing
Aug 22, 2022
About this deal
AI
The single-family property located at 370 8th Street in Park Slope, Brooklyn has been sold in a closed transaction. The sale took place on August 23, 2022, with a purchase price of $5,200,000. The property has a total building square footage of 2,603 and a price per square foot of $1,997. The buyer, George Lee, purchased the property from the seller, Patrick Kane.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,200,000
- Building Square Footage: 2,603
- Price per Square Foot: $1,997
The property has a lot size of 1,900 square feet and is zoned as R6B. The floor area ratio (FAR) is 1.37, and the tax class is 1. The property underwent an alteration permit on August 25, 2014. The lot dimensions are 19 ft x 100 ft.
George Lee represented himself as the buyer in this transaction, while Patrick Kane represented himself as the seller.
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 $5.2M for 2,603 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93