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

The multifamily property located at 276 Smith Street in Carroll Gardens, Brooklyn, was recently sold for a price of $2,300,000. The property consists of 3 units with an average price per unit of $766,667. The total square footage of the property is 2,700, making the price per square foot $852.

Summary of transation 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 the property is Alex Maroni, while the seller is Habib Tawil. The deal was facilitated by brokers Shaun Riney and Michael Salvatico from Marcus & Millichap. For any inquiries about making real estate moves, Shaun Riney can be contacted at 718-475-4369 and Mike Salvatico at 718-475-4358.

It is worth noting that the property was sold for a 6.5% cap rate, with a projected cap rate of 7.4% after the renovation of the apartments. The excellent selling team included Seth Romanick from Romanick & Skolnick PPLC, who acted as the seller's counsel.