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446 Clinton St, Brooklyn, N...

Gabriel Saffayah Acquires Multifamily Property In Carroll Gardens, Brooklyn For $4.1M
SOLDMultiFamily

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

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.

Players

Chezi Zarur

Spire Group

Broker

$4.1M

vol

1 deal

Broker

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93