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Giunta Family Sells Multifamily Property At 58 1st Place In Carroll Gardens For $4.675M

Property Image
SOLD
$4,675,000
Luke Sproviero
Adam Lobel
+ 1

New York

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MultiFamily4,300 SF
Sold 05/26/2026
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Property Image
SOLD

Giunta Family Sells Multifamily Property At 58 1st Place In Carroll Gardens For $4.675M

58 1st Place

See Similar Deals
MultiFamily4,300 SF
Sold 05/26/2026
Luke Sproviero
Adam Lobel
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,087
Total Square Footage:4,300 SF
Transaction Type:Sale

This multifamily asset is located at 58 1st Place in Carroll Gardens, Brooklyn. The property was sold for $4,675,000, comprising 3 residential units. It has a total square footage of 4,300, which results in a price per unit of $1,558,333 and a price per square foot of $1,087.

Summary of transaction details:

The deal involved the Giunta Family as the seller while Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring represented the transaction through Investment Property Realty Group. Their roles were pivotal in facilitating the successful sale of this multifamily property.

Players

Adam Lobel
138 deals$588.1M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring DATE: 5/26/2026 ADDRESS: 58 1st Place MARKET: Carroll Gardens, Brooklyn ASSET TYPE: Multifamily SELLER: Giunta Family BROKERS: Derek Bestreich (@DerekBestreich), Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate) & Toby Waring (@BklynBricks) - Investment Property Realty Group (@IPRG_NY) SALE PRICE: $4,675,000 UNITS: 3 ~ PPU: $1,558,333 SF: 4,300 ~ PPSF: $1,087

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

$249,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,609.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,161.89
Annual Debt Service$265,942.62