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861 Carroll Street, Brookly...

Updated Dec 21, 2023

Jeff Marowits Acquires Multifamily Property In Park Slope, Brooklyn For $6.1M
SOLDMultiFamily

Jeff Marowits Acquires Multifamily Property In Park Slope, Brooklyn For $6.1M

861 Carroll Street, Brooklyn, New York 11215, United States

$6,075,000

$2,225/SF

Building Size

2,730 SF

Asset Type

MultiFamily

Closing

Jun 20, 2022

About this deal

AI

The multifamily property located at 861 Carroll Street in Park Slope, Brooklyn has been sold in a recent transaction. The property is zoned as R7B and spans a total area of 2,730 square feet. The sale took place on June 21, 2022, with Jeff Marowits acting as the buyer and Gary Cappeline as the seller. The transaction price for the property was $6,075,000.00, resulting in a price per square foot of $2,225.27. The lot size is also 2,730 square feet.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $6,075,000.00
  • Address: 861 Carroll Street
  • Market: Park Slope, Brooklyn
  • Zoning: R7B
  • Buyer: Jeff Marowits
  • Seller: Gary Cappeline
  • Square Footage: 2,730
  • Price per Square Foot: $2,225.27
  • Last Sale Price: $3,625,000 (06/25/2013)
  • Permits: Alteration 2 (05/13/2014)
  • Lot Dimension: 18.75 ft x 100 ft

In this transaction, Jeff Marowits represented himself as the buyer, while Gary Cappeline represented himself as the seller. The property previously had a sale in 2013, where it was sold for $3,625,000. Additionally, an alteration permit was obtained in 2014. The lot dimension of the property is 18.75 feet by 100 feet.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $2.2K per square foot on a published $6.1M for 2,730 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.61%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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