Cetinkaya Family Sells Multifamily Property In Carroll Gardens, Brooklyn For $7.8M
116 2nd Pl, Brooklyn, NY 11231
$7,835,000
$1,346/SF
Building Size
5,817 SF
Asset Type
MultiFamily
Closing
Aug 28, 2023
AI
The Cetinkaya Family has sold a multifamily property in Carroll Gardens, Brooklyn. Located at 116 2nd Place, this property is a condo sellout. The transaction took place on 08/28/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,835,000
- Units: 4
- Price per Unit: $1,958,750
- Square Footage: 5,817
- Price per Square Foot: $1,347
- Market: Carroll Gardens, Brooklyn
The seller in this transaction was the Cetinkaya Family. The property consists of four units with a total square footage of 5,817. Each unit was sold at a price of $1,958,750, and the overall transaction price amounted to $7,835,000. The market for this property is located in Carroll Gardens, Brooklyn.
Players
Market 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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93