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382 Sackett Street, Brookly...

Updated Dec 21, 2023

Matthew Novogratz Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.27M
SOLDMultiFamily

Matthew Novogratz Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.27M

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

$3,270,000

$908/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Jan 25, 2022

About this deal

AI

A multifamily property located at 382 Sackett Street in Carroll Gardens, Brooklyn was recently sold in a closed transaction. The property has a total square footage of 3,600 and a price per square foot of $908, resulting in a total transaction price of $3,270,000. The property is zoned as R6B and falls under tax class 1. It sits on a lot with dimensions of 20 ft x 90 ft and a total lot size of 1,800 square feet. The property underwent an alteration CO permit on 03/11/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,270,000
  • Market: Carroll Gardens, Brooklyn
  • Zoning: R6B
  • Square Footage: 3,600
  • Price per Square Foot: $908
  • Tax Class: 1
  • Lot Size: 1,800
  • Permits: Alteration CO (03/11/2022)
  • Lot Dimension: 20 ft x 90 ft

The buyer of the property is Matthew Novogratz, while the seller is Antonio Hilerio. Matthew Novogratz was represented by their broker, 's REP, from their agency. Antonio Hilerio, the seller, was represented by their broker, 's REP, from their agency.

Players

Matthew Novogratz

Buyer

$7M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $908 per square foot on a published $3.3M for 3,600 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.85%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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