Updated Oct 29, 2024
Alchemy Ventures Acquires Carroll Gardens Multifamily For $3.7M From The Surace Family
260 President Street, Carroll Gardens, Brooklyn, NY, USA
$3,700,000
$848/SF
Building Size
4,360 SF
Asset Type
MultiFamily
Closing
Jan 27, 2021
About this deal
AI
The property involved in this transaction is a multifamily building located at 260 President Street in Carroll Gardens. The property has a total square footage of 4,360 and is zoned as R6B. The sale took place on January 28, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Address: 260 President Street
- Market: Carroll Gardens
- Square Footage: 4,360
- Buyer: Alchemy Ventures
- Seller: The Surace Family
- Brokers: Shaun Riney & Mike Salvatico @NewYorkMultifamily @MarcusMillichap_NY
The buyer in this transaction was Alchemy Ventures, while the seller was The Surace Family. Representing the deal were brokers Shaun Riney and Mike Salvatico from New York Multifamily and Marcus & Millichap, respectively.
- Price Per Square Foot: $848
- Number of Units: 5
- Price Per Unit: $740,000
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93