facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

430 Midwood St Brooklyn, NY...

Carter Martin Acquires Multifamily Property In Prospect-Lefferts-Gardens For $1.7M
SOLDMultiFamily

Carter Martin Acquires Multifamily Property In Prospect-Lefferts-Gardens For $1.7M

430 Midwood St Brooklyn, NY 11225, USA

$1,700,000

$772/SF

Building Size

2,200 SF

Asset Type

MultiFamily

Closing

Jun 13, 2023

AI

A multifamily property located at 430 Midwood Street in Prospect-Lefferts-Gardens has been sold in a recent transaction. The property consists of 4 units and spans across 2,200 square feet. The sale price for this transaction was $1,700,000, with a price per unit (PPU) of $425,000 and a price per square foot (PPSF) of $773.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Address: 430 Midwood Street
  • Market: Prospect-Lefferts-Gardens

The buyer involved in this transaction is Carter Martin. The deal was facilitated by the team at Investment Property Realty Group (IPRG), with brokers Derek Bestreich, Luke Sproviero, Steve Reynolds, and Tom Reynolds representing the buyer.

Note: No additional information is available regarding any financing or other key individuals involved in the transaction.

Players

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

312 deals

Broker

Carter Martin

Carlyle Group

Buyer

$146M

vol

28 deals

Buyer

New York 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93