Updated Oct 28, 2024
Carlos Saavedra Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.3M
297 President Street, Brooklyn, NY, USA
$3,300,000
$749/SF
Building Size
4,404 SF
Asset Type
MultiFamily
Closing
May 13, 2021
About this deal
AI
The multifamily property located at 297 President Street in Carroll Gardens, Brooklyn, was recently sold for $3,300,000. The property spans 4,404 square feet, resulting in a price per square foot of $749. The sale took place on 05/14/2021 and involved the following parties:
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 297 President Street
- Market: Carroll Gardens, Brooklyn
Carlos Saavedra, represented by EckstromNYC, acted as the buyer in the transaction. The seller was the Falcone Family. The deal was facilitated by Derek Besteich, Adam Lobel, and Daniel Shawah, who are affiliated with Bestreich Realty Group.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93