Corcoran Group Acquires SFR In Brooklyn Heights For $7.6M
SOLD
New York
See Similar DealsSingle Family Residence4,914 SF
Sold 10/04/2021
SOLD
Corcoran Group Acquires SFR In Brooklyn Heights For $7.6M
43 Garden Place, Brooklyn Heights, Brooklyn, NY, USA
See Similar DealsSingle Family Residence4,914 SF
Sold 10/04/2021
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,541
Total Square Footage:4,914 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$403,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,912.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,909.36
Annual Debt Service$430,912.38
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