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
Florence MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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