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30 3rd Street

Updated Sep 9, 2024

SOLDMultiFamily

Boss Equities, Strivers Management Group, And Global Innovations Network Acquire Multifamily Asset In Carroll Gardens

30 3rd Street

$5,485,000

$650/SF

Building Size

8,436 SF

Asset Type

MultiFamily

Closing

Sep 16, 2022

About this deal

AI

The multifamily property located at 30 3rd Street in Carroll Gardens was recently sold in a closed transaction. The property spans 8,436 square feet and was sold for a total price of $5,485,000. The price per square foot for this transaction was $650. The property consists of 8 units, resulting in a price per unit of $685,625.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $5,485,000
  • Square Footage: 8,436
  • Price Per Square Foot: $650
  • Address: 30 3rd Street
  • Market: Carroll Gardens

Leading the transaction were the buyer, which included Boss Equities represented by Jack Beyda, Strivers Management Group represented by Joseph Aizer, and Global Innovations Network represented by Morris Dweck. On the brokerage side, Adam J. Hess and Edward Setton of Meridian Capital Group facilitated the transaction.

It's worth noting that this is the second time that @TeamHessBk has sold 30 3rd Street. The first sale occurred in 2015 for a price of $3,500,000.

The buyer, Boss Equities, is actively seeking multifamily and mixed-use value-add opportunities in Brooklyn and Manhattan. For any potential opportunities, interested parties can reach out to Jack Beyda at [email protected].

Players

Edward Setton

Sterling Property Group NY

Broker

$251.4M

vol

55 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $650 per square foot on a published $5.5M for 8,436 square feet (2022).

Visit Edward (Eddie) Setton to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.89%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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