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89 2nd Place, Brooklyn, New...

Updated Dec 21, 2023

Peter Maniks & Dimitra Manis Acquire Multifamily Property In Carroll Gardens, Brooklyn For $3.675M
SOLDMultiFamily

Peter Maniks & Dimitra Manis Acquire Multifamily Property In Carroll Gardens, Brooklyn For $3.675M

89 2nd Place, Brooklyn, New York 11231, United States

$3,675,000

$1,452/SF

Building Size

2,531 SF

Asset Type

MultiFamily

Closing

May 8, 2022

About this deal

AI

The multifamily property located at 89 2nd Place in Carroll Gardens, Brooklyn has been sold in a closed transaction. The property is zoned as R6B and has a lot size of 1,875 square feet with dimensions of 18.75 ft x 100 ft. The sale took place on 05/09/2022, and the asset type is a multifamily property.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,675,000
  • Buyer: Peter Maniks & Dimitra Manis
  • Seller: Jack Shammas

Peter Maniks and Dimitra Manis were the buyers of the property, while Jack Shammas was the seller. The sale price for the property was $3,675,000. The buildable square footage (BSF) is 3,750 and the price per buildable square footage (PPBSF) is $980. The total square footage (SF) of the property is 2,531, with a price per square foot (PPSF) of $1,452. The floor area ratio (FAR) is 1.35, and the tax class is 2A. The property has permits for alteration 2, which were issued on 10/03/1995.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.5K per square foot on a published $3.7M for 2,531 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.32%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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