Updated Dec 21, 2023
David Dopson Acquires Multi-family Property At 574 Carlton Avenue In Prospect Heights, Brooklyn
574 Carlton Avenue, Brooklyn, New York 11238, United States
$3,530,000
$1,044/SF
Building Size
3,380 SF
Asset Type
MultiFamily
Closing
Jan 12, 2022
About this deal
AI
The multifamily property located at 574 Carlton Avenue in Prospect Heights, Brooklyn has been sold in a closed transaction. The property is zoned as R6B and offers a total buildable square footage (BSF) of 4,000. The purchase price for this property was $3,530,000, which translates to a price per buildable square footage (PPBSF) of $882. The property spans across 3,380 square feet and has a price per square footage (PPSF) of $1,044. The lot size is 2,000 square feet, with dimensions of 20 ft x 100 ft.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $3,530,000
- Market: Prospect Heights, Brooklyn
- Zoning: R6B
- BSF: 4,000
- PPBSF: $882
- SF: 3,380
- PPSF: $1,044
- Lot Size: 2,000
- Lot Dimensions: 20 ft x 100 ft
The buyer in this transaction is David Dopson, while Louis Peterson is the seller. The property's alteration permits were issued on 06/28/2019. The property is taxed under tax class 1, and the floor area ratio (FAR) is 1.69.
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
4.49%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93