Updated Jun 2, 2026
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $4,675,000
- Units: 3
- Square Footage: 4,300
- Price Per Unit: $1,558,333
- Price Per Square Foot: $1,087
- Seller: Giunta Family
- Broker Team: Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring - Investment Property Realty Group
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.
On the Map
$4,675,000
$1,087/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
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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