SOLDMultiFamily
Compass Sells Multifamily Property In Carroll Gardens For $5.15M
281 President Street
$5,150,000
$1,341/SF
Building Size
3,840 SF
Asset Type
MultiFamily
Closing
Jul 25, 2022
AI
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.
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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93