Updated Dec 21, 2023
Timothy R Hoey Acquires Park Slope SFR From Sean Broughton For $3,298,000
379 2nd Street, Park Slope, Brooklyn, NY, USA
$3,298,000
$1,299/SF
Building Size
2,538 SF
Asset Type
Single Family Residence
Closing
Jun 1, 2021
About this deal
AI
A single-family residence located at 379 2nd Street in Park Slope, Brooklyn was recently sold in a closed transaction. The property is zoned as R6B, with a lot size of 1,750 square feet. The building has a total square footage (BSF) of 3,500, resulting in a price per square foot (PPSF) of $942. The interior of the house measures 2,538 square feet, and the price per square foot (PPSF) is $1,299. The property has a floor area ratio (FAR) of 1.45 and is classified as tax class 1. The last recorded sale of this property took place on March 12, 2007, for a price of $1,417,500. An alteration permit was issued on May 29, 2007.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $3,298,000
- Market: Park Slope, Brooklyn
- Buyer: Timothy R Hoey
- Seller: Sean Broughton
The buyer in this transaction is Timothy R Hoey, and the seller is Sean Broughton. The property was sold for a total of $3,298,000. The deal involved a price per square foot (PPSF) of $942 and a price per square footage (PPSF) of $1,299. The sale represented a significant increase in value from the previous sale in 2007. The lot dimensions are 17.5 feet by 100 feet. It is important to note that this information represents a closed transaction and does not include any additional details beyond what has been provided.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93