facebook
Traded Co logo
Submit

Carlos Saavedra Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.9M

Property Image
SOLD
$3,925,000

New York

See Similar Deals
MultiFamily3,989 SF
Sold 07/15/2022
the dealplayerscompscontact
Property Image
SOLD

Carlos Saavedra Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.9M

283 President Street, Brooklyn, New York 11231, United States

See Similar Deals
MultiFamily3,989 SF
Sold 07/15/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$984
Total Square Footage:3,989 SF
Transaction Type:Sale

The multi-family property located at 283 President Street in Carroll Gardens, Brooklyn has been sold. The property is zoned as R6B, with a lot size of 2,025 square feet. The building has a total square footage of 3,989 and a building square footage of 4,050. The sale took place on July 15, 2022, with a selling price of $3,925,000. The price per square foot is $983, and the price per building square foot is $969. The previous sale of the property occurred on May 4, 2022, for a price of $2,800,000. An alteration permit was issued on June 28, 2022. The lot dimensions are 20.25 ft x 100 ft, and the property falls under tax class 1.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,925,000
  • Zoning: R6B
  • Lot Size: 2,025 sq ft
  • Square Footage: 3,989 sq ft
  • Building Square Footage: 4,050 sq ft
  • Price per Square Foot: $983
  • Price per Building Square Foot: $969
  • Last Sale Price: $2,800,000 (5/4/2022)
  • Permits: Alteration (06/28/2022)
  • Lot Dimensions: 20.25 ft x 100 ft
  • Tax Class: 1

Carlos Saavedra purchased the property from Vincenzo Ruggiero. The transaction was facilitated by Carlos Saavedra's representative from an undisclosed agency.

Players

20 deals$108.4M volume(917) 686-7526
BROKER

Carlos Saavedra
20 deals$108.4M volume
BUYER

Details

SOLD
IMAGE: 07/15/2022 ADDRESS: 283 President Street MARKET: Carroll Gardens, Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Carlos Saavedra SELLER: Vincenzo Ruggiero PRICE: $3,925,000 BSF: 4,050 ~ PPBSF: $969 SF: 3,989 ~ PPSF: $983 FAR: 1.97 TAX CLASS: 1 LOT SIZE: 2,025 LAST SALE PRICE: $2,800,000 (5/4/2022) PERMITS: Alteration (06/28/2022) LOT DIMENSION: 20.25 ft x 100 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$209,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,606.50
Annual Debt Service$223,278.03