Updated Dec 21, 2023
Naomi Gardner Acquires Multifamily Property In Carroll Gardens, Brooklyn For $4.35M
371 Clinton Street, Carroll Gardens, Brooklyn, NY, USA
$4,350,000
$1,279/SF
Building Size
3,401 SF
Asset Type
MultiFamily
Closing
Apr 19, 2021
About this deal
AI
A multifamily property located at 371 Clinton Street in Carroll Gardens, Brooklyn was recently sold for a price of $4,350,000. The property has a total square footage of 3,401 and a price per square foot of $1,279. The building has a total BSF (Buildable Square Feet) of 4,455 and a PPBSF (Price per Buildable Square Foot) of $976. The lot size measures 1,482 square feet. The property is zoned as R6A and falls under tax class 1.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Market: Carroll Gardens, Brooklyn
- Buyer: Naomi Gardner
- Seller: Matthew Soifer
- Last Sale Price: $4,250,000 (3/22/2016)
- Permits: Alteration type 2 (06/23/2011)
- Lot Dimensions: 16.5 ft x 90 ft
Naomi Gardner served as the buyer in this transaction, while Matthew Soifer acted as the seller. The property's last recorded sale occurred on March 22, 2016, for a price of $4,250,000. The permits for the property include an alteration of type 2, issued on June 23, 2011. The lot dimensions of the property are 16.5 ft x 90 ft.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93