Updated Dec 19, 2023
Carolyn Russo Sells Multifamily Property At 74 1st Place In Carroll Gardens, Brooklyn For $3.5M With Brokers Peter Von Der Ahe, Shaun Riney, Mike Salvatico
74 1st Pl, Brooklyn, NY 11231, USA
$3,500,000
$52/SF
Building Size
67,300 SF
Asset Type
MultiFamily
Closing
Jun 17, 2020
About this deal
AI
The multifamily property located at 74 1st Place in Carroll Gardens, Brooklyn has been sold for a price of $3,500,000. This property spans across 6,730 square feet and has a price per square foot of $520. The transaction involved the sale of 5 units, with a price per unit of $700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Square Footage: 6,730
- Price per Square Foot: $520
- Number of Units: 5
- Price per Unit: $700,000
The seller of this property was Carolyn Russo, and the deal was facilitated by brokers Peter Von Der Ahe, Shaun Riney, and Mike Salvatico from @NewYorkMultifamily.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93