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58 1st Place

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

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

58 1st Place

$4,675,000

$1,087/SF

Building Size

4,300 SF

Asset Type

MultiFamily

Closing

May 25, 2026

AI

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

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

Brooklyn 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

3.39%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93