Updated Dec 21, 2023
David Greenblatt Acquires Single Family Home In Park Slope, Brooklyn For $3.6M
583 5th Street, Brooklyn, New York 11215, United States
$3,600,000
$1,217/SF
Building Size
2,958 SF
Asset Type
Single Family Residence
Closing
Mar 16, 2022
About this deal
AI
A single-family property located at 583 5th Street in Park Slope, Brooklyn has been sold in a recent transaction. The property is zoned as R7B and sits on a lot size of 1,700 square feet with dimensions of 17 ft x 100 ft. The transaction took place on March 17, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,600,000
- Address: 583 5th Street
- Market: Park Slope, Brooklyn
- Zoning: R7B
The buyer of the property is David Greenblatt, while Thomas Vega Jr acted as the seller. The price for the property was $3,600,000, and the building's square footage is 2,958. This amounts to a price per square footage of $1,217. The building has a total BSF (building square footage) of 5,100, resulting in a price per BSF of $705. The property has a FAR (Floor Area Ratio) of 1.74 and is classified as Tax Class 1.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $3.6M for 2,958 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93