Updated Dec 18, 2023
Jack Haddad Acquires SFR In Midwood, Brooklyn For $5.3M
824 Avenue K, Midwood, Brooklyn, NY, USA
$5,300,000
$2,054/SF
Building Size
2,580 SF
Asset Type
Single Family Residence
Closing
May 2, 2021
About this deal
AI
The property located at 824 Avenue K in Midwood, Brooklyn has been sold in a recent transaction. The single-family residential property, with a zoning designation of R2X and OP, has a lot size of 6,011 square feet. The lot dimensions measure 60 feet by 100 feet. The property's floor area ratio (FAR) is 0.43, and it falls under tax class 1. The transaction took place on May 3, 2021.
Summary of transation details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $5,300,000
- Building Square Footage (BSF): 5,100
- Price Per Building Square Foot (PPBSF): $1,039
- Lot Square Footage (SF): 2,580
- Price Per Square Foot (PPSF): $2,054
Jack Haddad acted as the buyer in this transaction, while Jimmy Sutton was the seller. The deal was closed and facilitated by their representatives in the transaction.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $5.3M for 2,580 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93