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10 4th Place, Brooklyn, New...

Updated Dec 21, 2023

Avram Abramowitz Acquires Multifamily Property In Carroll Gardens, Brooklyn From Jing Fan For $3.5M
SOLDMultiFamily

Avram Abramowitz Acquires Multifamily Property In Carroll Gardens, Brooklyn From Jing Fan For $3.5M

10 4th Place, Brooklyn, New York 11231, United States

$3,495,000

$1,665/SF

Building Size

2,098 SF

Asset Type

MultiFamily

Closing

Jul 20, 2022

About this deal

AI

A multifamily property located at 10 4th Place in Carroll Gardens, Brooklyn has been sold in a closed transaction. The property has a total building square footage (BSF) of 1,720 and a price per BSF (PPBSF) of $2,031. The total square footage (SF) of the property is 2,098, with a price per SF (PPSF) of $1,665. The property is zoned as R6B, allowing for multifamily use.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,495,000
  • Address: 10 4th Place, Carroll Gardens, Brooklyn
  • Market: Carroll Gardens, Brooklyn

The buyer of the property is Avram Abramowitz, while the seller is Jing Fan. The property was purchased for a price of $3,495,000. The lot size is 860, and the property has a floor area ratio (FAR) of 2.44. The tax class for the property is class 1. The previous sale price of the property was $1,140,000 in January 22, 2007. There was an alteration permit issued for the property on July 13, 2007.

Additional information about the property includes its lot dimensions, which measure 20 feet by 43 feet.

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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $3.5M for 2,098 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.54%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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