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574 Carlton Avenue, Brookly...

Updated Dec 21, 2023

David Dopson Acquires Multi-family Property At 574 Carlton Avenue In Prospect Heights, Brooklyn
SOLDMultiFamily

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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Deal FAQ

About $1K per square foot on a published $3.5M for 3,380 square feet (2022).

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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

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