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423 Court Street

Eden Ashourzadeh Sells Carroll Gardens Multifamily Property For $5.3M
SOLDMultiFamily

Eden Ashourzadeh Sells Carroll Gardens Multifamily Property For $5.3M

423 Court Street

$5,346,458

$1,527/SF

Building Size

3,500 SF

Asset Type

MultiFamily

Closing

Sep 19, 2023

AI

The multifamily property located at 423 Court Street in Carroll Gardens, Brooklyn has been sold for a price of $5,346,458. This property consists of 5 units, with a price per unit of $1,069,292. The total square footage of the property is 3,200, making the price per square foot $1,671.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,346,458
  • Units: 5
  • Price Per Unit: $1,069,292
  • Square Footage: 3,200
  • Price Per Square Foot: $1,671
  • Address: 423 Court Street, Carroll Gardens, Brooklyn
  • Seller: Eden Ashourzadeh
  • Buyer's Representative: Ari Harkov - Brown Harris Stevens
  • Seller's Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring - Investment Property Realty Group (IPRG)

The transaction was facilitated by Ari Harkov of Brown Harris Stevens, who represented the buyer. On the other side, the seller was represented by Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring of Investment Property Realty Group (IPRG). These professionals played a crucial role in ensuring a successful deal between the buyer, Eden Ashourzadeh, and the seller.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

Eden Ashourzadeh

Seller

$116.7M

vol

37 deals

Seller

Florence 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

2.97%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93