Updated Sep 8, 2025
Carlos Saavedra Acquires Gowanus Multifamily From Rev. Paul Ariel For $6.5M
417 Degraw Street, Brooklyn, New York 11217, United States
$6,500,000
$413/SF
Building Size
15,734 SF
Asset Type
MultiFamily
Closing
Mar 9, 2022
About this deal
AI
The multifamily property located at 417 Degraw Street in Gowanus, Brooklyn was recently sold for a total transaction amount of $6,500,000. The property has a building square footage (BSF) of 10,560 and a price per BSF of $615. With a total area of 15,734 square feet, the price per square foot (PPSF) stands at $413. The property falls under the R6B zoning category, allowing for multifamily use.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Address: 417 Degraw Street
- Market: Gowanus, Brooklyn
- BSF: 10,560
- PPBSF: $615
- SF: 15,734
- PPSF: $413
- Zoning: R6B
The buyer of the property is Carlos Saavedra, while the seller is Rev. Paul Ariel. The lot size is 5,280 square feet, with dimensions of 66.75 ft x 85 ft. The property has a floor area ratio (FAR) of 2.98 and is classified under tax class 4.
It is important to note that no additional information is available regarding this transaction.
On the Map
$6,500,000
$413/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93