Updated Dec 21, 2023
Araks Yeramyan Acquires Multifamily Property On Carroll Street For $3.7M
287 Carroll Street, Brooklyn, New York 11231, United States
$3,700,000
$1,454/SF
Building Size
2,544 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
About this deal
AI
Located in Carroll Gardens, Brooklyn, the multifamily property at 287 Carroll Street has been sold in a recent transaction. The property is zoned R6B and boasts a lot size of 1,957 square feet with dimensions measuring 20 feet by 97.83 feet. The building has a total square footage of 2,544 and a buildable square footage (BSF) of 3,914. With a price tag of $3,700,000, the property sold at a rate of $1,454 per square foot (PPSF). The price per buildable square foot (PPBSF) stands at $945. The property's floor area ratio (FAR) is 1.30 and falls under tax class 2A.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Buyer: Araks Yeramyan
- Seller: Josephine Randone
- Market: Carroll Gardens, Brooklyn
Araks Yeramyan acted as the buyer in this transaction, acquiring the property for $3,700,000. On the other hand, Josephine Randone served as the seller. The deal was completed in the desirable neighborhood of Carroll Gardens in Brooklyn.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93