Investment Property Realty Group Acquires Multifamily Property In Carroll Gardens For $6.1M
260 President Street
$6,100,000
$1,399/SF
Building Size
4,360 SF
Asset Type
MultiFamily
Closing
Oct 23, 2023
AI
The multifamily property located at 260 President Street in Carroll Gardens, Brooklyn has recently been sold for a total price of $6,100,000. The property consists of five units, with an average price per unit of $1,220,000. The total square footage of the property is 4,360, resulting in a price per square foot of $1,399.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Units: 5
- Price Per Unit: $1,220,000
- Square Footage: 4,360
- Price Per Square Foot: $1,399
- Address: 260 President Street, Carroll Gardens, Brooklyn
- Seller: Samuel Kooris
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz - Investment Property Realty Group (IPRG)
The deal was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz from Investment Property Realty Group (IPRG). The involvement of these brokers highlights their expertise and reputation in the industry.
Players
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93