Updated Dec 18, 2023
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
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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