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310 President Street, Brook...

Updated Dec 18, 2023

Matthew Rosenzweig Acquires Multifamily Property In Carroll Gardens For $3.1M
SOLDMultiFamily

Matthew Rosenzweig Acquires Multifamily Property In Carroll Gardens For $3.1M

310 President Street, Brooklyn, New York 11231, United States

$3,075,000

$1,190/SF

Building Size

2,583 SF

Asset Type

MultiFamily

Closing

Mar 8, 2022

About this deal

AI

A multifamily property located at 310 President Street in Carroll Gardens, Brooklyn, was recently sold in a closed transaction. The property, with a zoning designation of R6B, offers 3,914 BSF (building square footage) and has a total of 2,583 square feet. The sale price for this property was $3,075,000, resulting in a price per square foot (PPSF) of $1,190. The buyer of the property was Matthew Rosenzweig, while Joseph Emanuele served as the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,075,000
  • BSF: 3,914
  • PPBSF: $785
  • SF: 2,583
  • PPSF: $1,190

Additional information about the property includes a floor area ratio (FAR) of 1.32 and a tax class of 2A. The lot size is 1,957 square feet, with lot dimensions of 20 feet by 97.83 feet. The property also has an alteration 2 permit issued on April 1, 2002.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $3.1M for 2,583 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.16%

Cash-on-Cash

-1.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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