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419 Clinton Street, Carroll...

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

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.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

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