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561 Clinton Street, Carroll...

Connor Domershick & Max Maleh Acquire Mixed-Use Property In Carroll Gardens For $3.8M
SOLDMixed-use

Connor Domershick & Max Maleh Acquire Mixed-Use Property In Carroll Gardens For $3.8M

561 Clinton Street, Carroll Gardens, Brooklyn, NY, USA

$3,800,000

$759/SF

Building Size

5,004 SF

Asset Type

Mixed-use

Closing

Sep 28, 2021

AI

Located in Carroll Gardens, the mixed-use property at 561 Clinton Street has recently been sold for a total of $3,800,000. The transaction took place on September 28, 2021. Spanning across 5,004 square feet, the property boasts a price per square foot of $759. The asset, classified under tax class 2B, offers a versatile space suitable for various purposes.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $3,800,000
  • Address: 561 Clinton Street
  • Market: Carroll Gardens
  • Square Footage: 5,004
  • Price per Square Foot: $759

Represented by their respective broker, Connor Domershick and Max Maleh were the buyers of the property. Their transaction signifies their keen interest in this desirable asset. The sale represents a successful acquisition in the Carroll Gardens market, demonstrating the attractiveness of the property to potential investors.

Players

Max Maleh

BH Realty

Broker

$57M

vol

15 deals

Broker

Connor Domershick

Conway Capital

Buyer

$57M

vol

15 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93