Michael Strauss Acquires Single Family Home In Park Slope For $3.62M
5 Plaza Street West, Park Slope, Brooklyn, NY, USA
$3,620,000
$699/SF
Building Size
5,178 SF
Asset Type
Single Family Residence
Closing
Apr 22, 2021
AI
A single-family home located at 5 Plaza Street West in Park Slope, with an address that boasts a highly desirable location. The property was recently sold on April 23, 2021, for a significant price of $3,620,000. With a total square footage of 5,178, this home offers ample living space for its new owner. The transaction reflects a purchase price per square foot of $698, indicating a favorable deal for the buyer, Michael Strauss.
Summary of Transaction Details
- Property Type: Single Family Home
- Transaction Amount: $3,620,000
- Market: Park Slope
- Buyer: Michael Strauss
- Seller: Robert S Frankel
- BSF (Building Square Footage): 10,938
- PPBSF (Price per Building Square Foot): $
- SF (Lot Size Square Footage): 5,178
- PPSF (Price per Square Foot): $698
- FAR (Floor Area Ratio): 2.85
- Tax Class: 1
- Permits: Alteration type 2 (04/20/2015)
- Lot Dimensions: 18.75 ft x 96.92 ft
This successful transaction was facilitated by Michael Strauss' representative from an undisclosed agency. The deal showcases Robert S Frankel as the seller, who likely walked away with a favorable profit. The property's attractive characteristics, prime location, and the involvement of notable individuals like Michael Strauss and Robert S Frankel contributed to the overall success of this transaction.
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
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93