Updated Jul 7, 2026
Paul Fried Of PJR Equities Ltd Purchases Multi-Family Property In Carroll Gardens For $4.525M
109 2nd Place
$4,525,000
$1,346/SF
Building Size
3,360 SF
Asset Type
MultiFamily
Closing
Jun 29, 2026
About this deal
AI
A multi-family property located at 109 2nd Place in Carroll Gardens, Brooklyn has been sold for $4,525,000. The asset spans an area of 3,360 square feet, resulting in a price per square foot of $1,347.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,525,000
- Square Footage: 3,360
- Price per Square Foot: $1,347
- Buyer: Paul Fried - PJR Equities Ltd
- Seller: Joel Votaw & Tanya Reilly
Paul Fried, representing PJR Equities Ltd, completed the acquisition from sellers Joel Votaw and Tanya Reilly. This transaction reflects a significant movement in the Carroll Gardens market.
Players
Brooklyn 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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93