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601 5th Street, Brooklyn, N...

Updated Dec 18, 2023

Robert L Weiss Acquires Single Family Property On 601 7 Street In Park Slope, Brooklyn For $3.75M
SOLDSingle Family Residence

Robert L Weiss Acquires Single Family Property On 601 7 Street In Park Slope, Brooklyn For $3.75M

601 5th Street, Brooklyn, New York 11215, United States

$3,475,000

$1,148/SF

Building Size

3,026 SF

Asset Type

Single Family Residence

Closing

Jan 18, 2022

About this deal

AI

A single-family property located at 601 7 Street in Park Slope, Brooklyn, was recently sold in a closed transaction. The property has a zoning classification of R7B, indicating its use as a single-family residence. The transaction took place on 04/21/2022.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $3,750,000
  • Address: 601 7 Street, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn

The property was purchased by Robert L Weiss from the seller, Michael Dardia. The sale price for the property was $3,750,000. The building has a total floor area of 6,000 square feet, resulting in a price per square foot of $625. The property itself spans 4,120 square feet, with a price per square foot of $910.

Additional details about the property include a floor area ratio (FAR) of 2.06 and a tax class of 1. The lot size is 2,000 square feet, and previous records show that the property was last sold on 04/28/2006 for $2,225,000. A permit for alteration was issued on 04/20/2017, indicating changes made to the property. The lot dimensions measure 20 feet by 100 feet.

Players

Robert L Weiss

Buyer

$23.3M

vol

3 deals

Buyer

Michael Dardia

Seller

$7.2M

vol

2 deals

Seller

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $3.5M for 3,026 square feet (2022).

Visit Michael Dardia to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.56%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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