Updated Dec 21, 2023
Gabriel Saffayah Acquires Multifamily Property In Carroll Gardens, Brooklyn For $4.1M
446 Clinton St, Brooklyn, NY 11231, USA
$4,100,000
$779/SF
Building Size
5,260 SF
Asset Type
MultiFamily
Closing
Jul 21, 2020
About this deal
AI
A multifamily property located at 446 Clinton Street in Carroll Gardens, Brooklyn has been sold. The property spans 5,260 square feet with a sale price of $4,100,000. It consists of 5 units, with an average price per unit of $820,000. The asking price for the property was $4,750,000, resulting in a sale price below the initial asking price. The price per square foot for the transaction was $744.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Address: 446 Clinton Street, Carroll Gardens, Brooklyn
- Square Footage: 5,260
- Asking Price: $4,750,000
- Price per Square Foot: $744
- Units: 5
- Price per Unit: $820,000
The sellers of the property were Marisa Ringston, John Schiano Moriello, and Andrew Schiano Moriello. The buyer, Gabriel Saffayah, acquired the property with representation from Chezi Zarur.
On the Map
$4,100,000
$779/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93