Updated Sep 9, 2024
Meridian Capital Group Facilitates $3.1M Sale Of Multifamily Property In Carroll Gardens
5 4th Place, Brooklyn, New York 11231, United States
$3,100,000
$584/SF
Building Size
5,300 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
About this deal
AI
The multifamily property located at 5 4th Place in Carroll Gardens was recently sold for a price of $3,100,000. The transaction took place on February 2, 2022. The property spans across 5,300 square feet, resulting in a price per square foot of $584. The sale was facilitated by Adam J. Hess and Edward Setton of Meridian Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Market: Carroll Gardens
The sale of this multifamily property in Carroll Gardens was successfully executed with the assistance of Adam J. Hess and Edward Setton from Meridian Capital Group. Their expertise and representation played a crucial role in ensuring a smooth transaction process for all parties involved.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93