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417 Degraw Street, Brooklyn...

Updated Sep 8, 2025

Carlos Saavedra Acquires Gowanus Multifamily From Rev. Paul Ariel For $6.5M
SOLDMultiFamily

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.

Players

Carlos Saavedra

Eckstrom NYC

Broker

$119.5M

vol

22 deals

Broker
Carlos Saavedra

Carlos Saavedra

Buyer

$119.5M

vol

22 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $413 per square foot on a published $6.5M for 15,734 square feet (2022).

Visit Carlos Saavedra to view all their deals.

Browse New York multifamily sales on Traded.

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

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