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489 Clinton Street, Brookly...

Updated Dec 21, 2023

Ariane Rockoff-Kirk Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.15M
SOLDMultiFamily

Ariane Rockoff-Kirk Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.15M

489 Clinton Street, Brooklyn, New York 11231, United States

$3,150,000

$1,564/SF

Building Size

2,013 SF

Asset Type

MultiFamily

Closing

Oct 6, 2022

About this deal

AI

A multifamily property located at 489 Clinton Street in Carroll Gardens, Brooklyn has been sold for a price of $3,150,000. The property has a building square footage (BSF) of 2,200 and a price per BSF (PPBSF) of $1,431. The total square footage (SF) of the property is 2,013, with a price per square foot (PPSF) of $1,564. The property is zoned as R6B and has a floor area ratio (FAR) of 1.83. The property is classified under tax class 1, and has a lot size of 1,100 square feet. The last recorded sale of the property was on March 5, 2015 for a price of $1,850,000. An alteration permit was issued on May 4, 2015 for the property. The lot dimensions measure 16.67 feet by 66 feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,150,000
  • BSF: 2,200
  • PPBSF: $1,431
  • SF: 2,013
  • PPSF: $1,564
  • Zoning: R6B
  • Tax Class: 1
  • Lot Size: 1,100 square feet
  • Last Sale Price: $1,850,000 (03/05/2015)
  • Permits: Alteration 2 (05/04/2015)
  • Lot Dimension: 16.67 ft x 66 ft

Ariane Rockoff-Kirk has purchased the property from Geoffrey Gibbins for a total price of $3,150,000.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.6K per square foot on a published $3.2M for 2,013 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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