Corcoran Group Acquires SFR In Brooklyn Heights For $7.6M
43 Garden Place, Brooklyn Heights, Brooklyn, NY, USA
$7,575,000
$1,541/SF
Building Size
4,914 SF
Asset Type
Single Family Residence
Closing
Oct 4, 2021
AI
Located at 43 Garden Pl. in Brooklyn Heights, this single-family residential property recently changed hands in a closed transaction. The property spans 4,914 square feet and was sold for $7,575,000, translating to a price per square foot of $1,541.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,575,000
- Square Footage: 4,914
- Price per Square Foot: $1,541
Represented by Nick Hovsepian, Leslie Marshall, and James Cornell of The Corcoran Group, the deal involved the successful sale of this Brooklyn Heights property.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93