Updated Dec 21, 2023
Marcelle Franco Acquires Single Family Property In Midwood, Brooklyn For $3.72M
720 Avenue J, Brooklyn, New York 11230, United States
$3,720,000
$1,240/SF
Building Size
3,000 SF
Asset Type
Single Family Residence
Closing
Mar 8, 2022
About this deal
AI
A single-family property located at 720 Avenue J in Midwood, Brooklyn has been sold. The property is zoned as R2X and OP, with a total square footage (BSF) of 3,400. The sale took place on March 9, 2022, with the buyer identified as Marcelle Franco and the seller as Max Harary.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,720,000
- Price per square foot (PPSF): $1,240
- Total square footage (SF): 3,000
- Price per buildable square foot (PPBSF): $1,094
- Floor Area Ratio (FAR): 0.75
- Tax Class: 1
- Lot Size: 4,000
- Permits: Alteration 2 (10/08/2009)
- Lot Dimensions: 40 ft x 100 ft
The buyer, Marcelle Franco, acquired the property through the deal facilitated by Max Harary as the seller's representative. The property is located in the Midwood market of Brooklyn.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $3.7M for 3,000 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93