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53 3rd Street, Brooklyn, Ne...

Updated Aug 20, 2025

Carter Martin Acquires Carroll Gardens Apartment From Gregory Fournier For $7.89M
SOLDMultiFamily

Carter Martin Acquires Carroll Gardens Apartment From Gregory Fournier For $7.89M

53 3rd Street, Brooklyn, New York 11231, United States

$7,891,200

$920/SF

Building Size

8,576 SF

Asset Type

MultiFamily

Closing

Apr 6, 2022

About this deal

AI

An apartment in Carroll Gardens, Brooklyn, located at 53 3rd Street, was recently sold in a closed transaction. The property, with a total square footage of 8,576, features a building floor area of 5,360 and a price per square foot of $920. The transaction took place on 04/07/2022, with a sale price of $7,891,200. The buyer, Carter Martin, acquired the property from the seller, Gregory Fournier. The previous sale of the property was recorded on 08/21/2020, with a price of $4,700,000. Recent permits for alteration were issued on 11/15/2021. The lot size is 2,680, with dimensions measuring 33.5 ft x 80 ft. The property is zoned as R6B, and the tax class is 2B. The floor-area ratio (FAR) of the property is 3.20.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $7,891,200
  • Market: Carroll Gardens, Brooklyn
  • Buyer: Carter Martin
  • Seller: Gregory Fournier
  • Price per Building Square Foot (PPBSF): $1,472
  • Price per Square Foot (PPSF): $920
  • Last Sale Price: $4,700,000 (08/21/2020)
  • Permits: Alteration (11/15/2021)

The transaction involved Carter Martin as the buyer and Gregory Fournier as the seller. The deal was closed with a sale price of $7,891,200. The property is zoned as R6B and is located at 53 3rd Street in Carroll Gardens, Brooklyn. The market value of the apartment and its unique characteristics, such as its total square footage of 8,576 and building floor area of 5,360, contribute to its purchase price. Furthermore, the property has a price per building square foot (PPBSF) of $1,472 and a price per square foot (PPSF) of $920. Notably, the property underwent alterations that were permitted on 11/15/2021. The lot size of the property is 2,680, with dimensions measuring 33.5 ft x 80 ft. All these factors collectively contribute to the overall value and attractiveness of this apartment in Carroll Gardens, Brooklyn.

Players

Carter Martin

Carlyle Group

Buyer

$146M

vol

28 deals

Buyer

Greg Fournier

Greenbrook Partners

Seller

$614.6M

vol

21 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $920 per square foot on a published $7.9M for 8,576 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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