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5 Plaza Street West, Park S...

Michael Strauss Acquires Single Family Home In Park Slope For $3.62M
SOLDSingle Family Residence

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

Michael Strauss

Vanguard Construction & Development Co.

Broker

$46.2M

vol

5 deals

Broker
Michael Strauss

Michael Strauss

Buyer

$46.2M

vol

5 deals

Buyer

Robert Frankel

Seller

$166M

vol

13 deals

Seller

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