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276 Smith Street

Alex Maroni Acquires Multifamily Property In Carroll Gardens, Brooklyn For $2.3M
SOLDMultiFamily

Alex Maroni Acquires Multifamily Property In Carroll Gardens, Brooklyn For $2.3M

276 Smith Street

$2,300,000

$851/SF

Building Size

2,700 SF

Asset Type

MultiFamily

Closing

Jan 4, 2024

AI

Located at 276 Smith Street in Carroll Gardens, Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of 3 units with a total square footage of 2,700. The sale price was $2,300,000, making the price per unit approximately $766,667 and the price per square foot approximately $852. The transaction took place on January 4, 2024.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Units: 3
  • Price Per Unit: $766,667
  • Square Footage: 2,700
  • Price Per Square Foot: $852
  • Market: Carroll Gardens, Brooklyn

The buyer of this property was Alex Maroni, and the seller was Habib Tawil. The transaction was facilitated by Robert Ferman of Newmark. It is worth noting that after the completion of this transaction, Robert Ferman moved to Newmark. For more information about the Brownstone Brooklyn market or to learn about his pipeline, you can contact Robbie Ferman at [email protected] or 212.655.0695.

A special thanks goes to Oren Goldhaber, Esq, a partner at Neil H Kupferman, Esq., P.C., for his valuable time and knowledge regarding this transaction.

Players

Robert Ferman

Newmark

Broker

$299.6M

vol

28 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93