Updated Dec 21, 2023
Kyle Lakin Acquires Single Family Property In Prospect - Lefferts Gardens, Brooklyn For $3.55M
67 Midwood Street, Brooklyn, New York 11225, United States
$3,550,000
$924/SF
Building Size
3,840 SF
Asset Type
Single Family Residence
Closing
Aug 24, 2022
About this deal
AI
A single-family property located at 67 Midwood Street in Prospect - Lefferts Gardens, Brooklyn, was recently sold in a closed transaction. The property, with a zoning designation of R2, has a total square footage of 3,840. The sale took place on August 25, 2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,550,000
- Address: 67 Midwood Street, Prospect - Lefferts Gardens, Brooklyn
- Market: Prospect - Lefferts Gardens, Brooklyn
- Zoning: R2
- Property Square Footage: 3,840
Kyle Lakin purchased the property from Jack A Cole for the price of $3,550,000. The building has a total BSF (Buildable Square Footage) of 1,000, resulting in a price per buildable square foot (PPBSF) of $3,550. The price per square foot (PPSF) of the existing structure is $924. The property has a FAR (Floor Area Ratio) of 1.92 and falls under tax class 1.
The lot size of the property is 2,000 square feet, with dimensions of 20 feet by 100 feet. An alteration 2 permit was issued on May 4, 2022, indicating recent alterations to the property.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $924 per square foot on a published $3.6M for 3,840 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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93