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14 3rd Street

Friedman Family Purchases Multifamily Property From Lumb Family In Carroll Gardens For $2.45M
SOLDMultiFamily

Friedman Family Purchases Multifamily Property From Lumb Family In Carroll Gardens For $2.45M

14 3rd Street

$2,450,000

$830/SF

Building Size

2,950 SF

Asset Type

MultiFamily

Closing

Jul 8, 2024

AI

The property asset involved in this transaction is a multifamily building located at 14 3rd Street in Carroll Gardens, Brooklyn. It encompasses a total area of 2,950 square feet and was sold for $2,450,000, resulting in a price per square foot of $831.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,450,000
  • Square Footage: 2,950
  • Price per Square Foot: $831
  • Buyer: Friedman Family
  • Seller: Lumb Family
  • Broker: Jacob Stavsky - Stav Equities LLC
  • Date of Transaction: 07/08/2024

The key individuals involved in the deal include the buyer, Friedman Family, and the seller, Lumb Family. The transaction was facilitated by Jacob Stavsky, representing Stav Equities LLC, acting as the broker in this multifamily sale.

Players

Jacob Stavsky

Stav Equities LLC

Broker

$175.2M

vol

29 deals

Broker

Brooklyn 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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93