Habitat Living Acquires Multifamily Property On President St. In Carroll Gardens For $3.5M
239 President St, Carroll Gardens, Brooklyn, NY, USA
$3,500,000
$675/SF
Building Size
5,184 SF
Asset Type
MultiFamily
Closing
Aug 27, 2021
AI
Located in Carroll Gardens, the multifamily property at 239 President St. was recently sold for $3,500,000. Spanning approximately 5,184 square feet, the property offers a price per square foot of $675. The transaction took place on August 27, 2021, and involved Habitat Living as the buyer and Catherine Rodrigues as the seller. The property is classified as a 2A tax class.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 239 President St.
- Market: Carroll Gardens
- Square Footage: 5,184
- Price per Square Foot: $675
Habitat Living, represented by Eli Scharf, acted as the buyer in this transaction. Catherine Rodrigues, on the other hand, served as the seller. Carroll Gardens Realty played a crucial role as the broker facilitating the sale.
Players
New York 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93