Carlos Saavedra Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.9M
283 President Street, Brooklyn, New York 11231, United States
$3,925,000
$984/SF
Building Size
3,989 SF
Asset Type
MultiFamily
Closing
Jul 14, 2022
AI
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
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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93