Updated Sep 9, 2024
Marcus & Millichap Brokers Sell Carroll Gardens Multifamily For $2.85M
558 Henry Street, Brooklyn, New York 11231, United States
$2,850,000
$791/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
AI
A multifamily property located at 558 Henry Street in Carroll Gardens has been sold for a total of $2,850,000. The property consists of four units and spans across 3,600 square feet. Each unit was sold at an average price of $712,500, with a price per square foot of $791.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Address: 558 Henry Street
- Market: Carroll Gardens
The seller of this property is The Damante Family. The sale was facilitated by the team of Shaun Riney, Michael Salvatico, and Robbie Ferman from NYM Group, in affiliation with Marcus & Millichap. They represented the seller in this transaction.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93