facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1151 Carroll St, Brooklyn, ...

Palladium Property Group Acquires Multi Family Property In Brooklyn For $3.3M
SOLDMultiFamily

Palladium Property Group Acquires Multi Family Property In Brooklyn For $3.3M

1151 Carroll St, Brooklyn, NY 11225, USA

Building Size

144,000 SF

Asset Type

MultiFamily

Closing

Mar 13, 2018

AI

1151 Carroll Street, a multi-family property located in Brooklyn, New York, was recently sold for $3,300,000. The property spans 14,400 square feet and was sold at a price of $230 per square foot.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $3,300,000
  • Square Footage: 14,400 sf
  • Price per Square Foot: $230
  • Seller: Roger & Matilda Willie
  • Buyer: Palladium Property Group – Nathan Obstfeld
  • Broker: BRG | Bestreich Realty Group - Luke Sproviero and Derek Bestreich

Palladium Property Group, represented by Nathan Obstfeld, acquired the property from sellers Roger & Matilda Willie. The deal was facilitated by brokers Luke Sproviero and Derek Bestreich of BRG | Bestreich Realty Group.

Players

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

312 deals

Broker

Nathan Obstfeld

Palladium Property Group

Buyer

$5M

vol

4 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93