Updated Dec 19, 2023
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
About $1.1K per square foot on a published $5M for 4,620 square feet (2022).
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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