Updated Aug 13, 2026
Garden Place Realty LLC Purchases 40 Garden Place Brooklyn Multifamily Property For $11.5M
40 Garden Place
$11,500,000
$2,882/SF
Building Size
3,990 SF
Asset Type
MultiFamily
Closing
Aug 3, 2026
About this deal
AI
A multifamily property located at 40 Garden Place in Brooklyn has been sold for $11,500,000. The property, covering an area of 3,990 square feet, translates to a price per square foot of $2,882.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,500,000
- Square Footage: 3,990
- Price per Square Foot: $2,882
- Buyer: Garden Place Realty LLC
- Seller: Carter Hamontree
- Market: Brooklyn
Garden Place Realty LLC successfully acquired the property from Carter Hamontree. This transaction reflects the ongoing activity in the Brooklyn real estate market, indicating strong interest in multifamily assets within the area.
Players
Brooklyn 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93