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Corcoran Group Acquires SFR In Brooklyn Heights For $7.6M

Property Image
SOLD
$7,575,000

New York

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Single Family Residence4,914 SF
Sold 10/04/2021
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Property Image
SOLD

Corcoran Group Acquires SFR In Brooklyn Heights For $7.6M

43 Garden Place, Brooklyn Heights, Brooklyn, NY, USA

See Similar Deals
Single Family Residence4,914 SF
Sold 10/04/2021
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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.

Players

Nick Hovsepian
9 deals$67.8M volume
BROKER

Leslie Marshall
The Corcoran Group
2 deals$14.3M volume
BROKER

James Cornell
The Corcoran Group
1 deal$7.6M volume
BROKER

Details

SOLD
IMAGE: Nick Hovsepian, Leslie Marshall & James Cornell DATE: 10/04/2021 ADDRESS: 43 Garden Pl. MARKET: Brooklyn Heights ASSET TYPE: SFR BROKER: Nick Hovsepian, Leslie Marshall & James Cornell - @TheCorcoranGroup PRICE: $7,575,000 SF: 4,914 ~ PPSF: $1,541

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Deal Type
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