Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,450,000
$830/SF
MultiFamily
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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