Compass Sells Multifamily Property In Carroll Gardens For $5.15M
SOLD
$5,150,000
New York
See Similar DealsMultiFamily3,840 SF
Sold 07/25/2022
SOLD
Compass Sells Multifamily Property In Carroll Gardens For $5.15M
281 President Street
See Similar DealsMultiFamily3,840 SF
Sold 07/25/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,341
Total Square Footage:3,840 SF
Transaction Type:Sale
A multifamily property located at 281 President St. in Carroll Gardens has been sold for a total price of $5,150,000. The property spans 3,840 square feet, resulting in a price per square foot of $1,341.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,150,000
- Address: 281 President St.
- Market: Carroll Gardens
- BROKER: David Chang - Compass
David Chang from Compass played a role as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53
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