Edward Rubinchik Sells 10-Unit Multifamily Property In Carroll Gardens, Brooklyn For $3.9M
419 Clinton Street, Carroll Gardens, Brooklyn, NY, USA
$3,925,000
$530/SF
Building Size
7,398 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
AI
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.
New York 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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93