Updated Oct 13, 2026
Alessandro Pradelli Acquires SFR In Red Hook For $1.47M
68 Sullivan Street, Red Hook, Brooklyn, NY, USA
$1,475,000
$1,966/SF
Building Size
750 SF
Asset Type
Single Family Residence
Closing
Nov 5, 2021
About this deal
AI
A single-family home located at 68 Sullivan Street in Red Hook has been sold for $1,475,000. The property has a total area of 750 square feet, resulting in a price per square foot of $1,966.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $1,475,000
- Address: 68 Sullivan Street
- Market: Red Hook
- Buyer: Alessandro Pradelli
- Seller: Lee Cohen
- Brokers: Ian Mednick, Paul Hyun & Lisa Holler - Compass
The deal was facilitated by brokers Ian Mednick, Paul Hyun, and Lisa Holler from Compass. Alessandro Pradelli is the buyer of the property, while Lee Cohen is the seller. The transaction marks the successful sale of the single-family home at 68 Sullivan Street in Red Hook.
On the Map
$1,475,000
$1,966/SF
Single Family Residence
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Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2K per square foot on a published $1.5M for 750 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93