Updated Dec 21, 2023
Rajiv Sheth Acquires Multifamily Property In Carroll Gardens For $3.5M
277 Sackett Street, Brooklyn, New York 11231, United States
$3,500,000
$883/SF
Building Size
3,960 SF
Asset Type
MultiFamily
Closing
Aug 31, 2022
About this deal
AI
The multifamily property located at 277 Sackett St in Carroll Gardens, Brooklyn has been sold in a recent transaction. The property is zoned as R6B and has a total buildable square footage (BSF) of 4,400. The sale price for the property was $3,500,000, resulting in a price per buildable square foot (PPBSF) of $795. The total square footage (SF) of the property is 3,960, with a price per square foot (PPSF) of $883. The lot size is 2,200 square feet, with dimensions of 22 feet by 100 feet. The property falls under tax class 1 and has a floor area ratio (FAR) of 1.80.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Market: Carroll Gardens, Brooklyn
- Buyer: Rajiv Sheth
- Seller: Mary A Scotto
The deal was facilitated by Rajiv Sheth's representative from the buyer's side. The transaction involved negotiations between the parties involved, resulting in the successful sale of the property. Rajiv Sheth, as the buyer, made the purchase from the seller, Mary A Scotto. Both parties were represented by their respective brokers throughout the transaction.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93