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68 Sullivan Street, Red Hoo...

Alessandro Pradelli Acquires SFR In Red Hook For $1.47M
SOLDSingle Family Residence

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

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.

Players

Ian Mednick

Compass

Broker

$63.3M

vol

15 deals

Broker
Lee Cohen

Lee Cohen

RedHoek

Seller

$299M

vol

25 deals

Seller

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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