Updated Dec 21, 2023
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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