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601 7th Street, Brooklyn, N...

Updated Dec 21, 2023

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

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

601 7th Street, Brooklyn, New York 11215, United States

$3,750,000

$910/SF

Building Size

4,120 SF

Asset Type

Single Family Residence

Closing

Apr 20, 2022

About this deal

AI

A single-family property located at 601 7 Street in Park Slope, Brooklyn has been sold for $3,750,000. The property has a building square footage (BSF) of 6,000, resulting in a price per BSF (PPBSF) of $625. The house itself spans 4,120 square feet, with a price per square foot (PPSF) of $910.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $3,750,000
  • Market: Park Slope, Brooklyn
  • Zoning: R7B
  • Buyer: Robert L Weiss
  • Seller: Michael Dardia
  • BSF: 6,000
  • PPBSF: $625
  • SF: 4,120
  • PPSF: $910
  • FAR: 2.06
  • Tax Class: 1
  • Lot Size: 2,000
  • Last Sale Price: $2,225,000 (04/28/2006)
  • Permits: Alteration 3 (04/20/2017)
  • Lot Dimension: 20 ft x 100 ft

Robert L Weiss acted as the buyer in this transaction, while Michael Dardia was the seller. The previous sale of the property occurred on April 28, 2006, with a sale price of $2,225,000. A permit for alteration was obtained on April 20, 2017, and the lot size is 2,000 square feet with dimensions of 20 ft x 100 ft.

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 $910 per square foot on a published $3.8M for 4,120 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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