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621 2nd Street, Brooklyn, N...

Updated Dec 19, 2023

Jeanhee A. Chung Acquires Single Family Home In Park Slope, Brooklyn For $5M
SOLDSingle Family Residence

Jeanhee A. Chung Acquires Single Family Home In Park Slope, Brooklyn For $5M

621 2nd Street, Brooklyn, New York 11215, United States

$5,000,000

$1,082/SF

Building Size

4,620 SF

Asset Type

Single Family Residence

Closing

Aug 14, 2022

About this deal

AI

The closed property sale transaction took place on August 15, 2022, at 621 2nd Street in Park Slope, Brooklyn. The asset involved in the transaction is a single-family property with a total area of 4,620 square feet. The selling price for this property was $5,000,000, resulting in a price per square foot of $1,082. The buyer, Jeanhee A. Chung, purchased the property from the seller, Robert Schlegel. The lot size is 2,000 square feet, with dimensions of 20 feet by 100 feet. The property is zoned as R7B and falls under tax class 1. Prior to the sale, a pre-bis building notice was issued on June 17, 1997.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,000,000
  • Building Square Feet: 4,620
  • Price per Square Foot: $1,082
  • Buyer: Jeanhee A. Chung
  • Seller: Robert Schlegel
  • Lot Size: 2,000 square feet
  • Lot Dimensions: 20 ft x 100 ft
  • Market: Park Slope, Brooklyn
  • Zoning: R7B
  • Permits: Pre-bis building notice (06/17/1997)
  • Tax Class: 1

The transaction involved two key individuals, namely Jeanhee A. Chung as the buyer and Robert Schlegel as the seller. Jeanhee A. Chung was represented by their broker, while Robert Schlegel also had a representative in the deal. This sale transaction highlights the successful completion of a single-family property purchase in Park Slope, Brooklyn, with a significant selling price of $5,000,000.

Players

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

Jeanhee A. Chung bought a home in New York for $5M in 2022. The full closing is on this page.

About $1.1K per square foot on a published $5M for 4,620 square feet (2022).

Browse New York single family residence sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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