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525 2nd Street, Brooklyn, N...

Adrian Radomski Represents Buyer In $5.2M Sale Of SFR In Park Slope
SOLDSingle Family Residence

Adrian Radomski Represents Buyer In $5.2M Sale Of SFR In Park Slope

525 2nd Street, Brooklyn, NY 11215

$5,205,000

$1,355/SF

Building Size

3,840 SF

Asset Type

Single Family Residence

Closing

Dec 8, 2021

AI

Congratulations to the buyer and seller involved in a recent property transaction in Park Slope. The property at 525 2nd St., a single-family home with R6B zoning, was sold for a final price of $5,205,000. The transaction was handled by buyer's representative Adrian Radomski and seller's representative Michael Rubin.

Summary of transaction details:

  • Property Type: Single-Family Home (SFR)
  • Transaction Amount: $5,205,000
  • Address: 525 2nd St.
  • Market: Park Slope
  • Zoning: R6B

With a total area of 3,840 square feet, the property was initially listed with an asking price of $4,650,000. The sale price of $5,205,000 indicates a premium paid by the buyer. The price per square foot was calculated to be $1,355, reflecting the value of this desirable Park Slope property.

Adrian Radomski represented the buyer's interests, ensuring a smooth transaction and securing the property at a competitive price. On the other side, Michael Rubin acted as the seller's representative, facilitating the successful sale. Their expertise and negotiation skills played a vital role in finalizing the deal.

Players

Adrian Radomski

Douglas Elliman

Broker

$8.5M

vol

2 deals

Broker

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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93