Updated Dec 18, 2023
Joseph West Acquires Multifamily Property In Carroll Gardens For $3.2M
107 2nd Place, Brooklyn, New York 11231, United States
$3,200,000
$1,269/SF
Building Size
2,521 SF
Asset Type
MultiFamily
Closing
Oct 11, 2021
About this deal
AI
A multifamily property located at 107 2 Place in Carroll Gardens has been sold for $3,200,000. The property is zoned as R6B and has a lot size of 1,320. The building has a total square footage of 2,640 with a price per square foot of $1,212. The structure itself has 2,521 square feet, with a price per square foot of $1,269. The property has a FAR of 1.91 and is classified as Tax Class 1. The dimensions of the lot are 20 feet by 65.5 feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Market: Carroll Gardens
- Zoning: R6B
- Buyer: Joseph West
- Seller: Matina Karadiakos
- Broker: Andrew Mapp - Corcoran
- Price per Square Foot: $1,269
- Lot Size: 1,320
- Lot Dimension: 20 ft x 65.5 ft
The buyer of the property was Joseph West, while the seller was Matina Karadiakos. The broker involved in the transaction was Andrew Mapp from Corcoran. This deal represents a significant transaction in the Carroll Gardens market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93