Updated Dec 4, 2024
Brooklyn Society For Ethical Culture Sells Mansion On Prospect Park West For $13.5M
53 Prospect Park West
$13,500,000
Building Size
—
Asset Type
Single Family
Closing
Dec 4, 2023
About this deal
AI
The Brooklyn Society for Ethical Culture has sold its mansion at 53 Prospect Park West in Park Slope, Brooklyn for a record-breaking price of $13.5 million. The off-market sale was completed to an undisclosed buyer.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $13,500,000
- Address: 53 Prospect Park West
- Market: Park Slope, Brooklyn
The sale of the mansion at 53 Prospect Park West was facilitated by brokers Marc Solomon and Jim St. André from Compass. They represented the Brooklyn Society for Ethical Culture in the deal, ensuring a successful transaction for both parties involved.
On the Map
$13,500,000
Single Family
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Brooklyn Single Family Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93