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608 Carlton Avenue, Brookly...

Updated Dec 19, 2023

Alyshea Austern Acquires Multifamily Property In Prospect Heights, Brooklyn For $3.75M
SOLDMultiFamily

Alyshea Austern Acquires Multifamily Property In Prospect Heights, Brooklyn For $3.75M

608 Carlton Avenue, Brooklyn, New York 11238, United States

$3,750,616

$1,065/SF

Building Size

3,520 SF

Asset Type

MultiFamily

Closing

Jul 24, 2022

About this deal

AI

The multifamily property located at 608 Carlton Ave in Prospect Heights, Brooklyn has been sold. The transaction took place on July 25, 2022, with Alyshea Austern purchasing the property from Rachel Lynn Goldstein. The property is zoned as R6B and has a lot size of 2,000 square feet, with dimensions of 20 feet by 100 feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,750,616
  • Building Square Feet: 3,520
  • Price per Square Foot: $1,065
  • Land Size: 2,000 square feet
  • Building Square Footage (BSF): 4,000
  • Price per Building Square Foot (PPBSF): $937
  • Market: Prospect Heights, Brooklyn
  • Zoning: R6B
  • Far: 1.76
  • Tax Class: 1

Alyshea Austern, as the buyer, acquired the multifamily property from Rachel Lynn Goldstein. The transaction was completed for a total price of $3,750,616. The property consists of a building with a total square footage of 3,520, equating to a price per square foot of $1,065. The lot itself has dimensions of 20 feet by 100 feet, with a total land size of 2,000 square feet. The market for this property is located in Prospect Heights, Brooklyn, and the zoning designation is R6B. The property is classified under tax class 1 and has a FAR (Floor Area Ratio) of 1.76.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $3.8M for 3,520 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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