Updated Dec 19, 2023
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
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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