Updated Dec 21, 2023
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
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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