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110 1st Place

Carlos Saavedra Acquires Multifamily Property In Carroll Gardens, Brooklyn For $4.975M
SOLDMultiFamily

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker
Carlos Saavedra

Carlos Saavedra

Buyer

$108.4M

vol

20 deals

Buyer

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