Updated Dec 21, 2023
Kirti Patel Acquires Single Family Residence In Boerum Hill, Brooklyn For $5.5M
75 Bond Street, Brooklyn, New York 11217, United States
$5,500,000
$1,284/SF
Building Size
4,283 SF
Asset Type
Single Family Residence
Closing
Apr 13, 2022
About this deal
AI
Located at 75 Bond Street in Boerum Hill, Brooklyn, this single-family property was recently sold on April 14, 2022. The property has a total area of 4,283 square feet and is zoned as R6B. The transaction involved a sale with a purchase price of $5,500,000, resulting in a price per square foot of $1,284. The lot size is 1,183 square feet, and the property's dimensions are 17.90 feet by 66.80 feet. It is worth noting that the property was last sold on February 22, 2017, for $4,650,000. Additionally, a new building permit was issued on October 4, 2014.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,500,000
- Market: Boerum Hill, Brooklyn
- Buyer: Kirti Patel
- Seller: Mark Mcfadden
- Square Footage: 4,283
- Price per Square Foot: $1,284
- Lot Size: 1,183 square feet
- Last Sale Price: $4,650,000 (02/22/2017)
- Permits: New Building (10/04/2014)
- Lot Dimension: 17.90 ft x 66.80 ft
The buyer in this transaction was Kirti Patel, while the seller was Mark Mcfadden.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $5.5M for 4,283 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93