Updated Dec 18, 2023
Paul Matthew Lynn Acquires Carroll Gardens Multifamily From Nicolas Benoit Victoir
326a President Street, Brooklyn, New York 11231, United States
$4,050,000
$1,299/SF
Building Size
3,116 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
A multifamily property located at 326 A President Street in Carroll Gardens, Brooklyn was recently sold for $4,050,000. The property has a building square footage (BSF) of 3,424 and a price per BSF (PPBSF) of $1,182. The total square footage (SF) of the property is 3,116, with a price per square foot (PPSF) of $1,300. The property is classified as multifamily and falls under the R6B zoning category. The lot size is 1,712 square feet, with dimensions of 17.5 feet by 97.83 feet. The previous sale of the property was recorded on June 3, 2011, at a price of $2,400,000. A permit for alteration 1 was issued on July 18, 2011. The property is classified under tax class 1 and has a floor area ratio (FAR) of 1.82.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,050,000
- Market: Carroll Gardens, Brooklyn
- Zoning: R6B
- Buyer: Paul Matthew Lynn
- Seller: Nicolas Benoit Victoir
- BSF: 3,424
- PPBSF: $1,182
- SF: 3,116
- PPSF: $1,300
- Lot Size: 1,712
- Last Sale Price: $2,400,000 (06/03/2011)
- Permits: Alteration 1 (07/18/2011)
- Lot Dimension: 17.5 ft x 97.83 ft
The buyer in this transaction is Paul Matthew Lynn, and the seller is Nicolas Benoit Victoir.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93