Updated Dec 18, 2023
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.
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Dardia to view all their deals.
Browse New York single family residence sales on Traded.
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