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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93