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
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93