Updated Dec 21, 2023
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
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1.3K per square foot on a published $6M for 4,468 square feet (2021).
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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