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Marco Auteri Acquires Multifamily Property On Luquer St. In Caroll Gardens For $2.2M

Property Image
SOLD
$2,200,000

New York

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MultiFamily2,520 SF
Sold 06/07/2022
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Property Image
SOLD

Marco Auteri Acquires Multifamily Property On Luquer St. In Caroll Gardens For $2.2M

147 Luquer Street, Brooklyn, New York 11231, United States

See Similar Deals
MultiFamily2,520 SF
Sold 06/07/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$873
Total Square Footage:2,520 SF
Transaction Type:Sale

Located at 147 Luquer St. in Carroll Gardens, this multifamily property was recently sold in a closed transaction. The property consists of 3 units, offering a total of 2,520 square feet of space. The sale price for this property was $2,200,000, resulting in a price per unit of $733,333 and a price per square foot of $873.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Address: 147 Luquer St., Carroll Gardens
  • Units: 3
  • Price per Unit: $733,333
  • Square Footage: 2,520
  • Price per Square Foot: $873
  • Market: Carroll Gardens

The buyer for this transaction was Marco Auteri, while the seller was Mariano Santiago. The deal was facilitated by Elana Magreli from EXP Realty, representing both parties in the transaction.

Players

4 deals$5.1M volume
BROKER

Details

SOLD
IMAGE: Elana Magreli DATE: 06/07/2022 ADDRESS: 147 Luquer St. MARKET: Caroll Gardens ASSET TYPE: Multifamily BUYER: Marco Auteri SELLER: Mariano Santiago BROKER: Elana Magreli (@ElanaMagreli) - EXP Realty SALE PRICE: $2,200,000 UNITS: 3 ~ PPU: $733,333 SF: 2,520 ~ PPSF: $873

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47