Evan Carroll Acquires Multifamily Property In Vinegar Hill, Brooklyn For $4.075M
73 Gold Street, Brooklyn, NY 11201
$4,075,000
$1,449/SF
Building Size
2,812 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
AI
A multifamily property with 4 units located at 73 Gold St. in Vinegar Hill, Brooklyn has been sold. The transaction took place on July 23, 2021. The property was sold for a sale price of $4,075,000, slightly below the initial asking price of $4,450,000. The property spans an area of 2,812 square feet, resulting in a price per square foot of $1,449.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,075,000
- Address: 73 Gold St., Vinegar Hill, Brooklyn
- Market: Vinegar Hill, Brooklyn
- Units: 4
Evan Carroll was the buyer in this transaction, and Jeremy Armstrong was the seller. The buyer was represented by Travonté Taylor from Compass, while the seller was represented by Donald P. Brennan Jr. from Engel & Völkers.
Players
New York 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
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93