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116 2nd Pl, Brooklyn, NY 11231

Cetinkaya Family Sells Multifamily Property In Carroll Gardens, Brooklyn For $7.8M
SOLDMultiFamily

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

Dennis Cetinkaya

Broker

$21.5M

vol

7 deals

Broker

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