Updated Dec 19, 2023
Charles Kaplan Acquires Multifamily Property In Carroll Gardens, Brooklyn For $3.1M
451 Court Street, Brooklyn, New York 11231, United States
$4,664,625
$326/SF
Building Size
14,300 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
Located at 83 4th Place in Carroll Gardens, Brooklyn, this multifamily property recently changed hands in a closed sale transaction. The property is zoned as R6B and has a tax class of 2A. The lot size is 2,125 square feet, with dimensions of 21.25 feet by 100 feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,115,000
- Buyer: Charles Kaplan
- Seller: Robert A. Cook
- BSF: 4,250 square feet
- Price per BSF: $1,094
- SF: 2,550 square feet
- Price per SF: $1,221
- FAR: 1.20
Charles Kaplan emerged as the buyer in this transaction, while Robert A. Cook acted as the seller. The deal closed for a total price of $3,115,000. Both the buyer and seller were represented by their respective brokers in the transaction.
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
3.40%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93