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326a President Street, Broo...

Updated Dec 18, 2023

Paul Matthew Lynn Acquires Carroll Gardens Multifamily From Nicolas Benoit Victoir
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $4.1M for 3,116 square feet (2022).

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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

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