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71 Remsen Street, Brooklyn ...

Updated Dec 21, 2023

Elizabeth Morris Acquires SFR In Brooklyn Heights For $6M
SOLDSingle Family Residence

Elizabeth Morris Acquires SFR In Brooklyn Heights For $6M

71 Remsen Street, Brooklyn Heights, Brooklyn, NY, USA

$6,000,000

$1,342/SF

Building Size

4,468 SF

Asset Type

Single Family Residence

Closing

Jun 23, 2021

About this deal

AI

A single-family residential property located at 71 Remsen Street in Brooklyn Heights, Brooklyn has been sold. The property is zoned as R6 and LH-1, with a lot size of 1,667 square feet. It has a building square footage (BSF) of 4,051, equating to a price per BSF (PPBSF) of $1,481. The total square footage (SF) of the property is 4,468, resulting in a price per square foot (PPSF) of $1,342. The property's floor area ratio (FAR) is 2.68, and it falls under tax class 1. The lot dimensions are 16.67 ft x 100 ft.

Summary of Transaction Details

  • Property Type: Single Family Residential
  • Transaction Amount: $6,000,000
  • Buyer: Elizabeth Morris
  • Seller: David G Greene
  • Last Sale Price: $2,508,000 (07/15/2004)
  • Permits: Alteration type 2 (11/18/2004)

The buyer in this transaction was Elizabeth Morris, while the seller was David G Greene. The property was sold for a total price of $6,000,000. The previous sale of the property occurred on July 15, 2004, at a price of $2,508,000. An alteration type 2 permit was obtained on November 18, 2004, indicating modifications made to the property.

Players

David G Greene

Seller

$7.5M

vol

2 deals

Seller

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

Elizabeth Morris bought a home in New York for $6M in 2021. The full closing is on this page.

About $1.3K per square foot on a published $6M for 4,468 square feet (2021).

Visit David G Greene to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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