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67 Midwood Street, Brooklyn...

Updated Dec 21, 2023

Kyle Lakin Acquires Single Family Property In Prospect - Lefferts Gardens, Brooklyn For $3.55M
SOLDSingle Family Residence

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

Kyle Lakin bought a home in New York for $3.6M in 2022. The full closing is on this page.

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

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