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Keter Holdings Acquires 4-Unit Multifamily Property In Carroll Gardens For $1.95M

Property Image
SOLD
$1,950,000
Samuel Silverman

New York

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MultiFamily3,200 SF
Sold 04/11/2022
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Property Image
SOLD

Keter Holdings Acquires 4-Unit Multifamily Property In Carroll Gardens For $1.95M

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

See Similar Deals
MultiFamily3,200 SF
Sold 04/11/2022
Samuel Silverman
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$609
Total Square Footage:3,200 SF
Transaction Type:Sale

The multifamily property located at 559 Clinton St. in Carroll Gardens was recently sold for a price of $1,950,000. The property consists of 4 units, making the per unit price $487,500. The total square footage of the property is 3,200, resulting in a price per square foot of $609. The sale was finalized on April 11, 2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Units: 4
  • Price per Unit: $487,500
  • Square Footage: 3,200
  • Price per Square Foot: $609
  • Address: 559 Clinton St.
  • Market: Carroll Gardens

The buyer of the property is Keter Holdings represented by Samuel Silverman and Michael Silverman. The seller of the property is Mike Aziz. The broker involved in the deal is Harry Bouzaglou from Silverline Realty Group.

Players

Harry Bouzaglou
3 deals$8.1M volume
BROKER

Silverline Realty Group
BROKERAGE

Samuel Silverman
5 deals$11.6M volume
BUYER

Details

SOLD
IMAGE: Harry Bouzaglou & Samuel Silverman DATE: 04/11/2022 ADDRESS: 559 Clinton St. MARKET: Carroll Gardens ASSET TYPE: Multifamily BUYER: Keter Holdings (@KeterHoldings) - Samuel Silverman (@SamSil) & Michael Silverman SELLER: Mike Aziz BROKER: Harry Bouzaglou (@HarryBouz) - Silverline Realty Group (@SilverlineRealtyGroup) SALE PRICE: $1,950,000 UNITS: 4 ~ PPU: $487,500 SF: 3,200 ~ PPSF: $609

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94