Updated Sep 9, 2024
Marcus & Millichap Brokers Sell Carroll Gardens Multifamily For $4.1M To Ian Fried
306 Union St, Brooklyn, NY 11231, USA
$4,100,000
$88/SF
Building Size
46,200 SF
Asset Type
MultiFamily
Closing
Nov 19, 2018
About this deal
AI
The property transaction in question involves a multifamily asset located at 306 Union Street in Carroll Gardens. The property spans 4,620 square feet and was sold for a total price of $4,100,000, resulting in a price per square foot of $887.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Square Footage: 4,620
- Price per Square Foot: $887
- Address: 306 Union Street
- Market: Carroll Gardens
The seller of the property was Andy Caso, while the buyer was Ian Fried. The deal was facilitated by brokers John Barney, Mike Salvatico, and Shaun Riney from Marcus & Millichap.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93