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Edward Rubinchik Sells 10-Unit Multifamily Property In Carroll Gardens, Brooklyn For $3.9M

Property Image
SOLD
$3,925,000

New York

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MultiFamily7,398 SF
Sold 11/03/2021
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Property Image
SOLD

Edward Rubinchik Sells 10-Unit Multifamily Property In Carroll Gardens, Brooklyn For $3.9M

419 Clinton Street, Carroll Gardens, Brooklyn, NY, USA

See Similar Deals
MultiFamily7,398 SF
Sold 11/03/2021
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$530
Total Square Footage:7,398 SF
Transaction Type:Sale

A multifamily property located at 419 Clinton Street in Carroll Gardens, Brooklyn was recently sold for a total price of $3,925,000. The property consists of 10 units, with each unit having a price per unit (PPU) of $392,500. The total square footage of the property is 7,398, resulting in a price per square foot (PPSF) of $530. The seller of the property was Edward Rubinchik.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,925,000
  • Units: 10
  • Price per Unit: $392,500
  • Square Footage: 7,398
  • Price per Square Foot: $530
  • Market: Carroll Gardens, Brooklyn

Zachary Fuchs from GFI Realty Services LLC represented Edward Rubinchik as the broker in this transaction.

Players

Zachary Fuchs
GFI Realty Services
Zachary Fuchs
62 deals$322.8M volume
BROKER

Details

SOLD
IMAGE: Zachary Fuchs DATE: 11/03/2021 ADDRESS: 419 Clinton Street MARKET: Carroll Gardens, Brooklyn ASSET TYPE: Multifamily SELLER: Edward Rubinchik BROKER: Zachary Fuchs (@zacharydfuchs) - GFI Realty Services LLC (@GFIRealty) SALE PRICE: $3,925,000 UNITS: 10 ~ PPU: $392,500 SF: 7,398 ~ PPSF: $530

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
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