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371 Clinton Street, Carroll...

Updated Dec 21, 2023

Naomi Gardner Acquires Multifamily Property In Carroll Gardens, Brooklyn For $4.35M
SOLDMultiFamily

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

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 $4.4M for 3,401 square feet (2021).

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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

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