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
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