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73 Gold Street, Brooklyn, N...

Evan Carroll Acquires Multifamily Property In Vinegar Hill, Brooklyn For $4.075M
SOLDMultiFamily

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

Donald P. Brennan Jr

Engel & Völkers

Broker

$4.1M

vol

1 deal

Broker

Jeremy Armstrong

Seller

$7.2M

vol

2 deals

Seller

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