Updated Sep 9, 2024
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
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
2.89%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93