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351 Sackett Street, Brookly...

Updated Dec 20, 2023

Anne Eisenhower Thomas Acquires Multifamily Property In Carroll Gardens, Brooklyn For $4.14M
SOLDMultiFamily

Anne Eisenhower Thomas Acquires Multifamily Property In Carroll Gardens, Brooklyn For $4.14M

351 Sackett Street, Brooklyn, New York 11231, United States

$4,140,000

$1,642/SF

Building Size

2,520 SF

Asset Type

MultiFamily

Closing

Mar 10, 2022

About this deal

AI

Anne Eisenhower Thomas has purchased a multifamily property located at 351 Sackett Street in Carroll Gardens, Brooklyn. The property, with an address of 351 Sackett Street, is zoned as R6B and spans a lot size of 1,200 square feet. The building has a gross square footage (BSF) of 2,400 and a saleable square footage (SF) of 2,520. The transaction took place on March 11, 2022, with a sale price of $4,140,000. The price per BSF is $1,725, and the price per SF is $1,642.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,140,000
  • Market: Carroll Gardens, Brooklyn
  • Zoning: R6B
  • Seller: Tyson J Lamoreaux
  • Lot Size: 1,200
  • Last Sale Price: $3,150,000 (12/19/2018)
  • Permits: Alteration 2 (09/10/2010)
  • Lot Dimension: 20 ft x 60 ft

Anne Eisenhower Thomas, the buyer, acquired the property from seller Tyson J Lamoreaux. The property has a floor area ratio (FAR) of 2.10 and falls under tax class 1. Its previous sale occurred on December 19, 2018, for a price of $3,150,000. Additionally, an alteration permit was issued on September 10, 2010, for the property.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.6K per square foot on a published $4.1M for 2,520 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.83%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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