Updated Dec 21, 2023
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
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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