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287 Carroll Street, Brookly...

Updated Dec 21, 2023

Araks Yeramyan Acquires Multifamily Property On Carroll Street For $3.7M
SOLDMultiFamily

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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Deal FAQ

About $1.5K per square foot on a published $3.7M for 2,544 square feet (2022).

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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

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