Cetinkaya Family Sells Multifamily Property In Carroll Gardens, Brooklyn For $7.8M
SOLD
$7,835,000
New York
See Similar DealsMultiFamily5,817 SF
Sold 08/28/2023
SOLD
Cetinkaya Family Sells Multifamily Property In Carroll Gardens, Brooklyn For $7.8M
116 2nd Pl, Brooklyn, NY 11231
See Similar DealsMultiFamily5,817 SF
Sold 08/28/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,346
Total Square Footage:5,817 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$417,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,836.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,141.90
Annual Debt Service$445,702.77
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