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
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93