Phillip H Ingle And Laura Ingle Acquire Multifamily Property In Brooklyn Heights For $7.025M
41 Garden Place, Brooklyn Heights, Brooklyn, NY, USA
$7,025,000
$2,177/SF
Building Size
3,226 SF
Asset Type
MultiFamily
Closing
Aug 22, 2021
AI
The multifamily property located at 41 Garden Place in Brooklyn Heights has been sold for a total price of $7,025,000. The property consists of 5,407 square feet and has a price per square foot of $1,299. The total area of the property is 3,226 square feet, with a price per square foot of $2,177.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,025,000
- Market: Brooklyn Heights
- Zoning: R6
The buyers of the property are Phillip H Ingle and Laura Ingle, while the sellers are Howard M Haimes and Amy Haimes. The deal was facilitated by Bradley Rodenberg, Lindsay Barton Barrett, and Cristina Criado from Douglas Elliman.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.26%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93