Updated Sep 5, 2024
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
About this deal
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.
The multifamily sale at 281 President Street in New York, New York sold for $5.2M in 2022. The building is 3,840 square feet, implying about 1.3K per square foot on the published price. David Chang, Compass appear on the sale alongside Compass. This page is the New York, New York file for the 281 President Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 281 President Street around 2022. Published consideration for 281 President Street is $5.2M, dated 2022. Cite this Compass Sells Multifamily Property In Carroll Gardens For $5.15M sale when underwriting similar multifamily product around New York, New York.
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