Carlos Saavedra Acquires Multifamily Property In Carroll Gardens, Brooklyn For $4.975M
110 1st Place
$4,975,000
$777/SF
Building Size
6,400 SF
Asset Type
MultiFamily
Closing
Sep 8, 2022
AI
The multifamily property located at 110 1st Pl. in Carroll Gardens, Brooklyn was sold for a price of $4,975,000. The asset comprises 4 units with a total square footage of 6,400, resulting in a price per unit of $1,243,750 and a price per square foot of $777. The property was delivered vacant at the time of sale.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,975,000
- Units: 4
- Price Per Unit: $1,243,750
- Square Footage: 6,400
- Price Per Square Foot: $777
- Buyer: Carlos Saavedra
- Seller: The Fiore Family
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring & Daniel Shawah - Investment Property Realty Group (IPRG)
This transaction involved key individuals such as Carlos Saavedra as the buyer and The Fiore Family as the seller, with broker representation provided by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Daniel Shawah from Investment Property Realty Group (IPRG). The property was represented as delivered vacant during the transaction.
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
3.19%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93